Translation of Amerisur article25 Apr 2019 19:32
The bet of the British oil multinational Amerisur Resources for Colombia increased to such an extent that its administration decided to disburse four times the amount of investment that the company destines for 2018 by 2019.
In a dialogue with Portafolio, the CEO of Amerisur Exploración Colombia (subsidiary of the aforementioned multinational), Carlos Andrés Martínez Bonilla, affirmed that with the signing of the peace process they can expand the operation in areas where they previously had no access.
(Amerisur starts exploration to find more crude).
And he specified that for the tasks in 2019, the oil company allocated US $ 100 million with the task of extending the operation to 11 exploratory wells (developed four in 2018), as well as to seismic work.
What is the balance at the close of the first quarter?
Of the 12 contracts with the National Hydrocarbons Agency (ANH), 11 are located in the Caguán-Putumayo Basin, and one more in the Llanos Basin. In 11 we are operators, and in the agreement that we are not, it is the CPO5 block, precisely in this last basin. There the operator is the state company of India ONGC. There we developed two wells producing different discoveries, one is Mariposa and the other is Indian.
In the Caguán-Putumayo Basin there is the Platanillo contract, which is the only one that is in the development stage. The rest of the contracts are in exploratory stage. These are: PUT12, PUT08, PUT09, PUT14, Tacacho, Terecay, Mecaya, PUT30, Coati and Andaquíes.
And partners in the exploration tasks ...
With Occidental Andina (Oxy), we are partners in the Tacacho, Teracay, Mecaya and PUT09 contracts. We have another partner that is PlusPetrol in the PUT12 contract, and we have another partner that is Carrao (from the Arrow Group).
Under these agreements with the ANH, by 2019 the investment is close to US $ 100 million for both seismic and drilling exploration wells in the south of the country.
Mainly where will this investment go?
The investment points to the maximum development of 10 exploratory wells. In addition to the seismic tasks. The National Government has a goal for 2019 of 55 exploratory wells.
In 2018 we drilled four wells for exploration and the total investment was 25 million dollars.
That is to say, that for the present year the investments four times more than the one registered last year.
What is the projection regarding reserves?
Currently our production in the Caguán-Putumayo Basin is close to 4,300 barrels per day (bpd). It is a modest figure compared to the total operation of the country, but with a projection that can exceed 20,000 bpd.
In terms of reserves, we are close to 25 million barrels. It is an important number in terms of the volume of remnants. But if we go to the level of resources in our contracts, that is, what is not proven, added to what the geological studies indicate, the potential that could exist in this basin exceeds 500 million barrels.
And
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