LONDON (Alliance News) - Amerisur Resources PLC, the AIM-listed oil and gas producer and explorer focused on South America, on Thursday said it has begun drilling on well Platanillo 8 on Pad 5 in the Platanillo field in the Putumayo basin of Colombia.
Platanillo 8 is being drilled using the Serinco D-10 rig and is the first of a minimum of two infill wells to be drilled this year and will take approximately 30 days to drill and test, the company said in a statement.
"The well is planned to penetrate the N, U and T sands and if successful, production can be brought on stream swiftly into existing treatment facilities and will also be able to use the OBA pipeline which is currently under construction. As a reminder, opex and transport costs per barrel are expected to reduce from USD27 to USD15 using the OBA pipeline. The drilling and testing of each infill well is expected to cost approximately USD4.0 million," Amerisur said in a statement.
Shares in Amerisur were up 0.7% at 27.44 pence Thursday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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