Amerisur Resources PLC Monthly Production, OBA and Operational Update (8533D)
February 05 2018 - 2:00AM
UK Regulatory
TIDMAMER
RNS Number : 8533D
Amerisur Resources PLC
05 February 2018
5 February 2018
Amerisur Resources Plc ("Amerisur" or the "Company")
Monthly Production, OBA Throughput and Operational Update
Amerisur Resources Plc, the oil and gas producer and explorer
focused on South America, is pleased to provide unaudited
production from the Company's two producing fields, the Platanillo
Field and the Mariposa-1 Long Term Test (LTT), and provide OBA
throughput data for the month of January 2018 (the "Period").
Production
-- Total production was 211,950 barrels of oil ("BO") during the Period.
-- Average daily production was 6,837 barrels of oil ("bopd") during the Period.
-- Peak daily production was 7,142 bopd during the Period.
OBA Export
-- Total export volume was 174,287 during the Period.
-- Average daily throughput was 5,622 BO during the Period.
-- Peak daily throughput was 6,541 BO during the Period.
OBA
OBA throughput in January was affected by planned maintenance
and enhancement work at the Cuyabeno station. The planned
maintenance has now been completed.
Platanillo
Well optimisation work, including chemical washes were
successfully performed on the Platanillo-21 and Platanillo-8 wells.
These wells returned to previous performance at 475 bopd and 255
bopd respectively, at lower drawdown. Planned maintenance was also
performed on surface systems at Pads 3N and 2N. These works are now
completed. It is planned to perform a chemical wash on
Platanillo-11 at the end of February. The Company is also planning
the installation of horizontal electrical lifting pumps at Pad 2N.
It is envisaged this work will be completed around the end of H2
2018, depending upon equipment availability.
CPO-5
The Company and its partner ONGC Videsh continue to analyse the
results of the LTT. Mariposa-1 continues to produce at a stable
rate of approximately 3,250 bopd.
These data will vary month on month as development, appraisal
and exploration operations continue, and also due to the factors
involved in operating in the Putumayo region of Colombia. These
factors include inclement weather, social issues with drilling and
oil transportation and planned and unplanned shut downs for
technical works undertaken among others. The data has not yet been
approved by the Colombian Agencia Nacional de Hidrocarburos (ANH)
or national customs and tax authorities DIAN and may be subject to
revision.
ENDS
Enquiries:
Nick Harrison, CFO Tel: +44 (0)330
Amerisur Resources 333 8246
Billy Clegg/Georgia Tel: +44 (0)203
Edmonds 757 4980
Camarco
Callum Stewart/Nicholas Tel: +44 (0)20
Rhodes/Ashton Clanfield 7710 7600
Stifel Nicolaus Europe
Limited
Chris Sim/George Price Tel: +44 (0)207
597 4000
Investec
Darrell Uden/Marcus Tel: +44 (0)207
Jackson 653 4000
RBC Capital Markets
Notes to editors
Amerisur Resources is an independent full-cycle oil and gas
company focused on South America, with assets in Colombia and
Paraguay and production from two fields in Colombia. In 2016
Amerisur successfully built and is 100% owner of the strategic OBA
oil transfer line into Ecuador.
In Colombia, the Company is operator and has a 100% working
interest in the Platanillo block which includes the Platanillo
producing field in the Putumayo basin, and holds a 30% non-operated
working interest in the CPO-5 block containing the Mariposa-1
producing field in the Llanos basin. Amerisur is currently
producing approximately 7,000 bopd.
Amerisur has a strong position in the Putumayo basin and has a
cluster of near term activity assets around the OBA export
line.
This announcement contains inside information as defined in EU
Regulation No. 596/2014 and is in accordance with the Company's
obligations under Article 17 of that Regulation.
www.amerisurresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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