Colombian Weather Dampens Amerisur's Platanillo Drilling Contract

Amerisur updated its operations in the Platanillo contract in Colombia. 

Despite unprecedented weather conditions in Colombia as a whole and in the Putumayo area in particular, which has led to the President declaring a state of National Calamity, production operations have continued without interruptions over the last few months. Daily oil production has averaged 573 BOPD over the last 15 days. 

The 3D3C seismic program has experienced a slight delay in the face of these conditions, as the Platanillo area has been affected by flooding which has complicated access in both the southern area near the Rio Putumayo and the central area, around the Rio Pinuna Blanco. 

It is now expected that the recording of data in the southern section of the data volume will be completed during December, with well locations identified in time for drilling during the first quarter of 2011, so long as ground conditions allow the required civil works to go ahead. 

John Wardle, CEO, said, "The wet season this year in Colombia has been longer and more severe than any since records began. That we have maintained the continuous production and export of produced oil from Platanillo and Fenix is a tribute to our operational team. The progress on the 3D3C program has been excellent given the exceptional conditions and I look forward to receiving the first part of the data during December so that we can initiate our exciting drilling program during 2011."