Columbus Enrergy Resources confirmed on 26 March 2018 that it was intending to participate to the tender for the re-attribution of the Ayoluengo oil field, which should be launched during Q2-Q3 2018. The company, which is the last operator of the field, also indicated that it was considering a joint-bid with a partner and is inviting interested parties to contact. It is recalled that the Ayoluengo field was placed on care and maintenance since the expiry of the La Lora concession on 31 January 2017.  For further information please contact the following:  Tony Hawking  Legal and M&A Director  E-mail: info@columbus-erp.com  The Ayoluengo field, covered by the La Lora concession between 1967 and 2017, was discovered by Chevron in 1964. The field has produced more than 17 MMbbl of oil since production start-up in 1964. The La Lora concession expired on 31 January 2017 following the rejection of an application for a 10-year renewal filed by the last operator of the field Compania Petrolifera de Sedano (Columbus Energy). The company estimates that an additional production of 10 to 20 MMbbl of oil is possible by using existing technology if deployed in the wells available for injection and production. On 29 November 2017 the General Directorate of Energy Policy approved the decommissioning plan. The contract will be officially terminated upon completion of the first phase of this plan, which involves the dismantling of a number of facilities which wonât be re-used in the case of a resuming of the production.
Spain (Cantabrian B. (Cantabrian Zone)) Ayoluengo