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Gran Tierra boosts production, plans more Colombia drilling

Canadian independent restarted output from its Suroriente and PUT-7 blocks

Canadian independent Gran Tierra Energy has increased its production in Colombia after restarting output from its Suroriente and PUT-7 blocks, and now plans more drilling nearby, in the second half of the year.

Oil production in the southern Putumayo region has been restored after farmers set up blockades to protest the national Colombian government, resulting in the temporary halt.

Gran Tierra halts some production in Colombia

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Output from both Suroriente and PUT-7 is currently approximately 4500 barrels of oil per day equivalent, the company said.

The restart helped Gran Tierra boost its total production to approximately 34,500 boepd, an increase of 5500 boepd from the previously reported average level of 29,000 boepd, it said.

Looking forward, the company aims to further boost production with more drilling plans.

During the second half of 2019, Gran Tierra plans to drill one exploration well in the PUT-1 block and to participate in the drilling of one exploration well in the LLA-10 block.

Plans are also in place to drill approximately five additional oil producers, three water injectors, and one water source well at Acordionero through to the end of 2019.

Gary Guidry, chief executive of Gran Tierra said: “Bringing our southern Putumayo production fully back on-line has been an important first step in this forecasted production increase.

“The next crucial step to get production back on track is the expected positive oil rate response at Acordionero due to our planned major ramp-up in water injection in August 2019,” Guidry said.

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