The plan from the US and Lima-listed company compares with 2012 spending of $105 million.
Since, Toronto-listed Pacific Rubiales completed a 49% farm-in at the Z-1 block and agreed to fully carry expenses there, estimated to be $149 million gross for the year.
Within that block, the companies expect to drill up to six development wells at the Corvina and Albacora fields with the new specialised CX-15 buoyant tower.
