Scandoil  

Amerisur Resources revises 2015 plan and suspends production from higher cost pads


Published Feb 3, 2015
Amerisur Resources

Amerisur Resources Plc provides a 2015 update to shareholders in the context of the WTI oil price, currently at approximately $48.

Highlights:

2015 plan •Given the prevailing oil price and a conservative oil price assumption for 2015, and whilst the Company waits for the commissioning, construction and operation of the Ecuador interconnector, the Board has decided to optimise production from the Company's low lifting and transportation cost platforms in the Platanillo field •4,500 bopd to be produced in the interim from Pads 5 and 9, which can be lifted at a cost of approximately $12 per barrel and transported and commercialised through Orito and the OTA system at approximately $12 per barrel •Production from more expensive pads to be temporarily suspended and transportation to Rio Loro at a cost of $23 per barrel to be reduced to a nominal daily volume, so preserving this delivery option •Production is expected to be increased to a 2015 exit rate of 8,200 bopd once the pipeline to Ecuador is operational and delivering transportation costs of under $5 per barrel. This is expected by the start of H2 2015

Tags: Amerisur Resources Plc




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml