Exploration & Production | Capital Markets | Capital Expenditure
Petroamerica Sets 2014 Budget; Maintains Colombian Focus
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Petroamerica has reported its 2014 planned capital expenditures and guidance.
Production Guidance for 2014Petroamerica expects its 2014 base case production to be between 5,000 and 5,500 boepd average for the year. This base case includes production coming from the Las Maracas Field, the Balay Field, the La Casona-1 well and the Curiara-1 long-term test. It does not include production from the Mirador discovery at La Casona-2, the Une discovery at Rumi-1, or any production from successful exploration wells to be drilled in 2014. The production guidance is expected to be revisited later in the year as the Company gathers more information on the new discoveries and evaluates the results from its ongoing exploration and appraisal activities.
Capital Expenditures and Work Program for 2014The…
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