document: The ANH has approved the proposed farmout, by Amerisur, of a 50% stake in 4 blocks to Oxy in the Putumayo Basin, namely PUT-9 (491 sq km), Mecaya (300 sq km), Terecay (2,372 sq km) + Tacacho (2,383 sq km). Oxy will fund a USD 93.25 MM explo/appraisal programme between 2019-2021, plans including 1,068 km of 2D seismic + 4 explo wells. Amerisur will retain operatorship + 50%.
summary: The ANH has approved the proposed farmout, by Amerisur, of a 50% stake in 4 blocks to Oxy in the Putumayo Basin, namely PUT-9 (491 sq km), Mecaya (300 sq km), Terecay (2,372 sq km) + Tacacho (2,383 sq km). Oxy will fund a USD 93.25 MM explo/appraisal programme between 2019-2021, plans including 1,068 km of 2D seismic + 4 explo wells. Amerisur will retain operatorship + 50%.