VETRA, EC and Putumayo at 200,000 bopd in the next 3 yearsA couple of key points about PTA and its acreage in the Putumayo Basin for the forward thinkers:
- PTA's partners in the Putumayo Basin are VETRA and Ecopetrol (EC), the state owned company.
Given that VETRA was interested in Suroco but failed to acquire it, VETRA is a potential suitor for PTA too.
Ecopetrol (EC) desperately wants to grow its production, so it is another potential suitor for PTA.
- Putumayo to produce 200,000 bopd in the next 3 years.
I quote from that article:
The government of President Juan Manuel Santos has pledged to increase oil exploration in Putumayo and tighten security for producers. A provincial official has said that there are plans to quadruple production to around 200,000 b/d over the next three years.
The Suroriente block accounts for about 30pc of some 50,000 b/d of total oil production in restive Putumayo province. Operator Vetra and Petroamerica together hold a 52pc stake. Colombia´s state-controlled Ecopetrol holds the remaining 48pc stake.