Colombia , Peru , Brazil and Trinidad and Tobago
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Junior roundup: Canacol, Pacific E&P, PetroRio, Touchstone

Bnamericas
Junior roundup: Canacol, Pacific E&P, PetroRio, Touchstone

Colombia-focused Canacol Energy "is currently negotiating several new long-term take or pay gas sales contracts with existing and new clients, as well as a contract which will see a third party construct and operate a new pipeline to the Caribbean coast of Colombia operational in late 2018 and at no cost to the corporation," the Canadian company said in its latest earnings release.

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In its second quarter MD&A, Pacific Exploration & Production reported official termination of its contract for Peru block 137.

The Toronto-based company had notified Peru's hydrocarbons licensing authority Perupetro of its decision to return the acreage that had been in force majeure since 2008 over lack of agreement with the Peruvian state and indigenous communities.

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Brazilian independent PetroRio will consider the feasibility of drilling new wells at the Polvo field after new good quality reservoirs were accessed following completion of a redevelopment program, according to the operator's 2Q16 earnings release.

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Calgary-based Touchstone Exploration's latest MD&A reports that the company's estimated capital commitments in Trinidad and Tobago total Cdn$30.7mn (US$24mn).

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Other companies in: Oil & Gas (Brazil)

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  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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