No wig3 Mar 2019 13:21
https://m.ultimahora.com/petrolera-britanica-proyecta-perforacion-pozo-2014-n746846.html
Translation
The article is dated Dec 2013
British oil company plans well drilling in 2014
DECEMBER 05, 2013
If the geological studies coincide with the first data already obtained in the area, the British oil company Amerisur plans to drill a new exploratory well probably in the third quarter of next year.
This was announced by the company's executive director, John Wardle, who explained that the company is carrying out an exploration program in the areas of San Pedro and also in the Chaco, where it holds exploration permits for the Coronillo, Las Palmas and Espartillar He affirmed that they have already carried out several studies of the Paraguayan subsoil, which indicate a possible presence of hydrocarbons.
THERE ARE CONDITIONS. However, he clarified that they are still indications. "What studies say so far is that we are almost on the verge of saying that there is oil, because conditions exist; The question now is to see if those accumulations are tradable. You have to have a certain size and quality, not only of the hydrocarbon itself, but also of the deposit, and a system of pressure that must push and release the oil, "he explained.
The businessman added that several of these points can only be tested by means of a perforation and are now in the most advanced part of the San Pedro block, near Choré.
Anyway, he was very cautious and said that in this type of business one must prepare for success and failure. "When one is exploring in virgin basins, without a commercial production model, we often arrive with the first liter of Paraguayan crude, but that does not mean that we become an oil country. It is already a country with oil, but it would be to do a next stage, which is to define how commercial the discovery is. Therefore, we should not oversize the project, as it is a process and in a very technical way we must move forward, "he said.
. He recalled that Amerisur has been conducting studies in the country for 5 years now and has invested USD 7 million, with the possibility of investing another USD 20 million, should the project progress.
He explained that Amerisur Resources is an independent oil and gas company listed on the London Stock Exchange and focused on South America, with assets in Colombia and Paraguay.
According to official reports, the search for oil in Paraguay dates back to 1947 with the drilling of about 50 wells, without success so far.
Under the government of Federico Franco, on several occasions the imminent start of oil extraction in Paraguayan territory in both the Chaco and the Eastern Region had been announced, even the former president even said that the Paraguayans would "bathe" in oil .
