Roundup: Colombia financing, Costa Rica storage, Trinidad well

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Thursday, May 22, 2014

Colombia state multi-utility EPM secured 116bn pesos (US$60.7mn) in long-term financing from local lender Banco Agrario.

In a statement, the company said the deal is part of its financing diversification strategy. Proceeds will be used for general 2014 investment, including the 500kV/230kV Nueva Esperanza transmission project.

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Costa Rica state refiner Recope brought online six storage tanks as part of the Sagas LPG storage system under construction at the Moín refinery, Limón province.

Felguera carried out the US$10.5mn cylinder project which increased LPG storage at the complex by 1,500m3 (9,000b), the company said in a statement.

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And Trinidad and Tobago-focused Trinity Exploration & Production (AIM: TRIN) reported that its Galeota license infill well B-9X at the Trintes field was drilled to 4,944ft.

"The well penetrated multiple horizons totaling 331ft of net oil sands," the junior said in a statement. The well is expected to come online in four to six weeks with an estimated 200-300b/d.