Project Profile
Value: US$9 million (Phase 1 exploration)
Area: 238,000 Ha
Prospective Resources: 363.93 million barrels (mid case) (Dec, 2017)
Start-up Year: -
Tacacho is an Exploration and Production contract with an 8% sliding scale royalties and a 0% X Factor, covering 238,000Ha in the eastern Caguan-Putumayo basin. This is a heavy oil exploration play, supported by regional studies which indicate a continuation of the heavy oil trend extending from the eastern llanos basin through to the ITT field complex in the eastern Oriente basin of Ecuador. Additionally, the well Solita-1, drilled nearby by Texaco in 1948 indicated the presence of hydrocarbons in the Pepino formation. Large structures have been defined on existing 2D seismic, with closures at both the base and top of the Pepino formation. Phase 1 exploration commitment includes 480km of 2D seismic. The phase was suspended during social consultations and security planning.
In June 2015, Amerisur Resources acquired Petro Dorado South America SA (PDSA), a subsidiary of Petro Dorado Energy Ltd (PDEL). In March 2017, Amerisur acquired 50.5% working interest in Tacacho from Pacific Exploration & Production (now Frontera Energy), taking its holding to 100% owner and operator.
Operators:
Amerisur Exploracion Colombia (a subsidiary of Amerisur Resources): Operator with 50% interest
Occidental Andina: 50% interest
Contractors:
Petrotech Engineering: reserves and resources update (December, 2017)