Amerisur reported 1H16 production of 2,642 bbl/d that was behind expectations, due to production being shut-in during the low crude oil price and the Company waiting to sell volumes through the OBA pipeline to realize a much better netback. The OBA pipeline is complete and undergoing final checks. The first exports through the pipeline will commence in the next few days, at which point production is expected to ramp-up to 7,200 bbl/d by exit 2016e and operating and transportation costs are ex
16 Sep 2016
Reports 1H16 Results and OBA Start-Up is Imminent
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Reports 1H16 Results and OBA Start-Up is Imminent
Amerisur reported 1H16 production of 2,642 bbl/d that was behind expectations, due to production being shut-in during the low crude oil price and the Company waiting to sell volumes through the OBA pipeline to realize a much better netback. The OBA pipeline is complete and undergoing final checks. The first exports through the pipeline will commence in the next few days, at which point production is expected to ramp-up to 7,200 bbl/d by exit 2016e and operating and transportation costs are ex