GeoPark Ltd. will acquire all shares of Colombian oil and gas operator Amerisur Resources PLC for £315 million cash.
The deal includes 12 production, development, and exploration blocks in Colombia covering 2.5 million gross acres. Eleven blocks operated by Amerisur are in the Putumayo basin.
GeoPark also will acquire Amerisur’s 100% interest in the 17-km Oleoducto Binacional Amerisur (OBA) pipeline, which exports oil to Ecuador.
Production net to Amerisur’s working interest in September was 6,865 b/d of light oil from two blocks. The Platanillo block, which Amerisur operates with a 100% working interest, produced 4,503 b/d of 30º gravity oil (OGJ Online Apr. 6, 2011). The CPO-5 block, operated by ONGC Videsh with Amerisur as a 30% partner, produced 7,872 b/d of 36º-41º gravity oil from Indico and Mariposa fields.
Amerisur’s net proved and probable reserves are 12.3 million bbl of oil in the Platanillo block and 9.5 million bbl in the CPO-5 block.
The OBA pipeline, which connects the Platanillo block with an Ecuadorean system carrying oil to the port of Esmeraldas, has capacity of 50,000-70,000 b/d but is currently utilized at less than 10%. The pipeline this year began carrying third-party crude.
