Friday, 8 May 2015

Amerisur pipeline update

Amerisur Resources is an independent full-cycle oil and gas company focused on South America, with assets in Colombia and Paraguay. I have a holding in my growth portfolio (epic code: AMER).

Good news from Amerisur today as they announced approval of the modification to the Platanillo field global exploitation licence for the construction and operation of the Ecuador pipeline.  There was also approval for the operation of up to two water disposal wells per production Pad.  Each well is permitted to dispose of up to 20,000 barrels of water per day into the Tertiary Pepino formation.

This is excellent news in that it will not only release any physical constraints on export capacity, but reduce the cost of transport by $18 per barrel.

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