Amerisur Resources PLC Ecuador-Colombia Interconnector Update (4484H)
01 December 2015 - 6:00PM
UK Regulatory
TIDMAMER
RNS Number : 4484H
Amerisur Resources PLC
01 December 2015
01 December 2015
Amerisur Resources Plc
Ecuador-Colombia Interconnector Update
Amerisur Resources Plc ("Amerisur" or the "Company"), the oil
and gas producer and explorer focused on South America, is pleased
to provide an update on the project to connect the Platanillo field
in Colombia with the oil pipeline system in Ecuador, named
Oleoducto Binacional Amerisur (OBA).
The civil works at the OBA reception station within the Victor
Hugo Ruales (VHR) facilities are 96.6% completed and the 5,000 bbl
reception tank and other piping and instrumentation is 78%
completed.
The Company has also begun pipe laying operations of the 10"
(nominal) line in the VHR field Ecuador.
The line is currently being laid using three work fronts from
the VHR OBA Facilities to the northernmost pad in the VHR field,
known as VHR 20, a total length of approximately 14 km, and this
part of the line is expected to be fully welded and trenched within
4 weeks.
The Company is awaiting the approval of the final environmental
license by the Ecuadorian Environmental Ministry. This permit is
expected imminently. The permit will allow the drilling of the
under river crossing from Pad 9S in Colombia to the Ecuadorian
river bank, and the construction of the 10" line from that landfall
to the VHR 20 pipeline head. The under river crossing has a design
length of 1,410 m, followed by a run length of 3,800 m from
Ecuadorian landfall to connection with VHR 20.
The equipment and consumables required to drill the under river
crossing are now being mobilised to the Pad 9S location, where site
civil works are complete.
The Company expects to perform operational testing and
commissioning of the pipeline, measurement and export pumping
systems around the turn of the year, followed thereafter by first
transport.
An updated presentation on the OBA operations will shortly be
available on the Company's website, www.amerisurresources.com.
John Wardle, CEO of Amerisur commented:
"I am very pleased with the advances we have made and look
forward to updating shareholders as the project progresses
further."
ENDS
ENQUIRIES:
Billy Clegg/Georgia Mann Tel: +44(0)203 757 4980
Camarco
Daniel Conti/Tristan Tel: +44 (0)207 653 4000
Lovegrove
RBC Capital Markets
Chris Sim Tel: +44 (0)207 597 4000
Investec
This information is provided by RNS
The company news service from the London Stock Exchange
END
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