Project Profile
Value: Undisclosed
Location: Chaza Block, Colombia
Area: 80,242 acres
Reserves: Unknown
Production: 5.4 mmboe (2010)
Start-up year: -
The Chaza Block is governed by terms of an Exploration and Exploitation Contract with the government agency ANH, reflecting re-vamped and improved fiscal terms. The blcok covers an area of 80,242 acres. The Chaza Contract was signed June 2005 and defines a 6 year exploration period and 24 year production period. The Costayaco field is the largest discovery in the Putumayo Basin since the 1960\'s. Production is from the Caballos and T Sandstone. Cumulative production in September 2010 was 5.4 mmboe.
Operator:
Gran Tierra Energy: Operator with 100% interest