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Gran Tierra Talks 2018 Spending, Drilling Plans
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Gran Tierra has detailed its 2018 guidance and budget.
Details:- 2018 Capex: $250-270 million (up +16% compared to 2017 budget of $225 million)
Development: $100-105 million Exploration: $80-90 million Facilities: $50-55 million Seismic: $20 million- 2018 Production: 36,500-38,500 BOEPD (growth of 20-27% YOY)
- Drilling Activity: 27-32 gross wells planned
Development Wells: 19-21 gross Exploration Wells: 8-11 gross 2018 Development Activities: Acordionero (MMV):◦ Drill 12 wells: 8 development, 3 water injection and 1 water source
◦ Central processing facility expansion: increase water injection capacity up to 40,000 barrels of water per day, fluid handling capacity up to 45,000 bfpd and truck loading capacity up to 30,000 barrel of oil per day ("bopd")
◦ Expand gas to power…
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