Pipeline Disruption Causes Temporary Reduction in Putumayo Production
Gran Tierra has temporarily reduced production operations in the Putumayo basin in southern Colombia in response to a disruption to the Ecopetrol-operated Trans Andean Pipeline west of Orito on July 10, 2009.
"Ecopetrol has informed us that repairs are expected to take between one and two weeks," said Dana Coffield, President and Chief Executive Officer of Gran Tierra Energy. "We will continue producing at reduced levels utilizing trucking capacity until repairs are completed. We expect to be able to return to normal production levels immediately following the completion of repairs."
Gran Tierra Energy expects to maintain Colombian production levels at approximately 2,000 barrels of oil per day (BOPD) net after royalty utilizing existing trucking capacity during the repair period. Additional oil transportation alternatives are currently being assessed.
The suspension of production operations has had no impact on drilling operations. Drilling of Costayaco-9 will commence today.
- Union Strike Halts Rigs At Ecopetrol Oilfield, Production Unaffected (Sep 06)
- CEO: Ecopetrol To Focus Spending On Drilling For Rest Of Year (Aug 24)
- Colombia's Ecopetrol Cuts Planned 2018 Spending To $3-3.5B (Aug 15)
Company: Gran Tierra Energy more info
- Gran Tierra Receives 'Outperform' Rating After Revealing Exploration Plans (Jun 15)
- Gran Tierra Energy Reveals $38.6 Million Net Loss (Aug 05)
- Gran Tierra Touts Record Production in Colombia (Apr 17)