Amerisur gets rig for Colombian project
South America-focused oil and gas group Amerisur Resources has signed a contract for a drilling rig for its Platanillo project in Colombia.
South America-focused oil and gas group Amerisur Resources has signed a contract for a drilling rig for its Platanillo project in Colombia.
The Serrinco D10 1200HP drilling unit will be used for two firm wells with a continuing option to extend for further wells and the contractor for the rig expected mobilisation of the unit within the next week. Results from the first well are expected in May.
"I am very pleased to have signed up Rig D10 and look forward to our contractor undertaking a rapid and efficient mobilisation to the drilling location," said Chief Executive Officer John Wardle.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Amerisur also said that the recently worked over Platanillo-2 well is now being tested with an electrical submersible pump at higher rates than previously reported in natural flow.
"The start of our exciting drilling programme is most welcome; and given our success in the N sand of Platanillo-2 we have even more objectives to go for in the new wells," Wardle added.
BC
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published