Gran Tierra sets out 2013 spending plan

Spending plans: Gran Tierra expects to spend C$363 million on exploration and production development next year

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Josh Lewis

 14 December 2012 06:23 GMT

South America-focused company Gran Tierra Energy is planning on spending C$363 million (US$369.1 million) on its exploration and production development operations next year in Colombia , Brazil , Peru and Argentina.

Gran Tierra’s 2013 capital spending programme will see the company spend C$202 million next year on drilling, C$65 million on facilities, equipment and pipelines, C$93 million on seismic activities and the remaining $3 million to be spent on corporate activities.

The company’s current planned exploration and development campaign will see it drill 10 wells in Colombia, six wells in Argentina , two wells in Brazil and one well in Peru .

It also plans to shoot about 1148 kilometres of 2D seismic and 308 square kilometres of 3D seismic over its South American…

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