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Gran Tierra Temporarily Reduces Production Operations in Putumayo Basin
Monday, July 20, 2009 1:50 AM


(Source: Datamonitor)trackingOil and gas exploration and production company Gran Tierra Energy has temporarily reduced production operations in the Putumayo basin in southern Colombia in response to a disruption to the Ecopetrol-operated Trans Andean Pipeline west of Orito on July 10, 2009.

Gran Tierra Energy expects to maintain Colombian production levels at approximately 2,000 barrels of oil per day net after royalty utilizing existing trucking capacity during the repair period. Additional oil transportation alternatives are currently being assessed.

Dana Coffield, president and CEO of Gran Tierra Energy, said: "Ecopetrol has informed us that repairs are expected to take between one and two weeks. We will continue producing at reduced levels utilizing trucking capacity until repairs are completed. We expect to be able to return to normal production levels immediately following the completion of repairs."

A service of YellowBrix, Inc.



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