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LLA-47 Block

Project Stages

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Early Works
Current Stage: Exploration drilling
Start: 05/2011
In Construction
Operation
Project Details

Description

The LLA-47 block is located in the Llanos Orientales basin and covers an area of 447 km2. The block is owned and operated by Interoil Colombia Exploration & Production, which has drilled two wells: Lince-1 and Lince-2. As per the ANH commitments, by year-end 2014 Interoil had completed shooting, processing and interpreting of 350km2 of 3D seismic. Interoil is obliged to drill eight exploration wells by October 2016. The estimated cost is US$18-20mn. Interoil Colombia is obliged to have in place a bank guarantee amounting to US$10.8mn for investment commitments in LLA-47, and it is currently in compliance with that comittment. Interoil Colombia is required to post an additional of US$10.5mn bank guarantee by the end of April 2015. From the drilling of the second well in LLA-47, the guarantee will be reduced, with the sum corresponding to the investment commitments for each well. The LLA-47 block is expected to hold well above 30Mb in recoverable reserves.

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

  • * Changes to original budget estimates are shown as the total figure available and may include interest, working capital, inflation adjustments and other contingencies in addition to capital expenditure.

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Key Specs

Full Name
LLA-47 Block
Project Type
Exploration, Onshore, Upstream
Development Phase
Exploration drilling
Project Status
Active
Project Capacity
 Exploration
 Onshore
 Upstream
Investment
US$ 0
Lifespan
0
Location

The project is located in the municipalities of Orocué and Puerto Gaitán, Colombia.

* The map coordinates represent the approximate latitude and longitude, and not the exact location of the project.


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Owner / operator
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General Manager Colombia
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General Manager
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Chief Financial Officer
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