Amerisur Applies for New Exploration Licence in Colombia

Source: www.gulfoilandgas.com 10/22/2014, Location: South America

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to announce that it has presented to the Agencia Nacional de Hidrocarburos "ANH" a request for a partial assignment of interest, rights and obligations in the exploration contract Put-30, awarded to Talisman Colombia Oil & Gas Ltd. ("Talisman Colombia") in the Ronda Colombia 2014 licensing round.

The 2014 licensing round was organised by the ANH, which has made public all the bids submitted. The Put-30 Exploration and Production Contract was signed between Talisman Colombia and the ANH on 10th September, 2014.

Amerisur has formed a joint venture with Talisman Colombia, an affiliate of Talisman Energy Inc. (NYSE/TSX) with the parties owning 50% and 50% respectively, subject to approval by the ANH. Talisman Colombia is the current operator on the block but the joint venture is studying the potential for Amerisur to operate this contract, subject to ANH approval. The successful bid included an additional royalty to the state of 4% (X Factor) above the baseline 8% royalty and a total work programme of $26.9MM during the first 36 month exploration phase, to include 209km of 2D seismic acquisition and the drilling of one exploration well.

The Put-30 block covers approximately 38,514 hectares and lies within the Putumayo basin, approximately 55km to the north of both the Company's 100% owned Platanillo field and 60% owned Put-12 Contract.

John Wardle, Chief Executive of Amerisur commented: "We are very pleased to announce this important addition to our Putumayo portfolio. We have extensive operating experience in this area where our Platanillo field and Put-12 block also lie. In Put-30 we will explore to evaluate the potential of producible heavy oil deposits in the Neme formation. The presence of this heavy oil zone has been demonstrated in many wells within this part of the basin over the years, and we believe the time has now come to add such prospects within our portfolio. The potential resources of the area are of significant size and we look forward to a rapid and efficient exploration and evaluation programme. On success, the mix of Put-30 heavy crude with our light oil from our developments and exploration activities to the south will be a very exciting and strategic combination. Our joint venture partner, Talisman Colombia, is a very successful and experienced operating company which has had great success in remote regions in other countries and we very much look forward to working with them."


United States >>  7/1/2022 - As the second step in a three-step planning process, the Department of the Interior issued the “Proposed Program” for the National Outer Continental S...
United States >>  7/1/2022 - On July 1, 2022, the Department of the Interior (DOI) announced the availability of the Proposed Program for the 2023-2028 National Outer Continental ...

United Kingdom >>  6/28/2022 - Baron Oil Plc, the AIM-quoted oil and gas exploration company with projects in SE Asia and the UK, announces that at the Annual General Meeting of the...
Egypt >>  6/27/2022 - Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with Roger Planck, Chairman of the Board of Directors of the American ...

Mongolia >>  6/27/2022 - The AIM-listed Mongolian oil explorer Petro Matad Limited ("Petro Matad" ) releases its audited final results for the fiscal year that ended on Decemb...
Uruguay >>  6/27/2022 - With assets in oil production, appraisal, development, and exploration across the region, Challenger Energy (CEG), an oil and gas company with a focus...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.