Gran Tierra's Grand Tour (into Ecuador)

Gran Tierra has won three blocks in Ecuador covering c.140,000 acres in the highly prospective Oriente-Putumayo Basin: Charapa, Chanangue and Iguana. The blocks are contiguous with Gran Tierra’s Putumayo position in Colombia and allows the company to extend its Colombian success on the trend across the border. Gran Tierra will have 100% interest and operatorship on each block in exchange for a 14 well, four year work programme – management...

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Putumayo smart crude marketing

Putumayo producers are blessed with having multiple export routes and the flexibility that affords in maximising sales netbacks. The most direct route is the OTA pipeline to Tumaco. However this route has historically been plagued by attacks leading to downtime and the South Blend crude at Tumaco also fetches one of the biggest discounts to benchmarks vs. other region blends. This has led to producers accessing Ecuadorian export routes...

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Amerisur putting plans in motion

Amerisur is a story of slow and steady wins the race. The company had targeted 10mbbl/d to be reached a few years ago - with current production only at c.7mbbl/d, this target has clearly fallen by the wayside. Amerisur has learnt, and is continuing to learn, that doing business in Colombia (and Ecuador) is not straightforward and getting necessary government approvals can take months and sometimes years rather than weeks - the OBA pipeline...

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Amerisur makes a move

  On 26 January 2016, Amerisur announced the acquisition of Platino Energy (Barbados) Ltd, a subsidiary of COG Energy, a private E&P with a focus on Colombia. The consideration for the transaction is USD7 million which we be paid entirely in Amerisur stock, through the issuance of 22.7 million new shares. A further payment of USD500,000 in cash will also be made in respect of fixed assets. As part of the deal, COG is entitled to a 2%...

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Bienvenido Victor Hugo

Amerisur's pipeline into the Victor Hugo field On 1 December, Amerisur provided an operational update on its interconnector pipeline from Platanillo to the Ecuadorian export pipeline. Once operational, oil export will benefit from the low cost, under-utilised Ecuadorian infrastructure bringing transportation costs to below USD5/bbl. In addition to improved netbacks, the excess export capacity will support increasing production levels at Platanillo. The...

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