Gran Tierra exams polymer injection course of to boost oil restoration at Acordioneroyoutu.be
Oil and gasoline explorer and producer Gran Tierra Vitality (TSX:GTE,NYSE:GTE,LSE:GTE) is seeking to maximize its useful resource belongings in Colombia and Ecuador via an enhanced oil restoration course of, in line with President and CEO Gary Guidry.
The improved restoration course of, which entails injecting polymer into waterflood patterns, is being applied on the firm’s Acordionero undertaking in Colombia as a pilot undertaking.
“The only most essential factor about enhanced restoration and that mindset of, ‘We’re not simply going to provide fields on main manufacturing and be proud of a low to medium restoration issue’ is that it is a lot simpler to spend the cash on the technical effort to get each final drop out of every discipline,” Guidry defined.
Gran Tierra has allotted US$70 million in capital in the direction of 2022 improvement actions for the Acordionero discipline, which incorporates 14 to 16 improvement wells within the Center Magdalena Valley basin. The polymer pilot undertaking will decide whether or not this strategy of enhanced oil restoration might be profitable in growing Acordionero’s final oil restoration elements and remaining oil reserves.
“A philosophy of our firm is to attempt to be as environment friendly as we are able to, not solely on value construction … but in addition to use the know-how in every discipline, as a result of it is one of the best use of the traders’ cash to attempt to get each final drop out of every discipline,” Guidry mentioned.
Gran Tierra operates 4 key tasks in Colombia and Ecuador: its flagship Acordionero undertaking and the Costayaco, Moquete and Suroriente tasks. Guidry mentioned in the case of funding, each nations are secure jurisdictions through which to conduct exploration and manufacturing, offering fiscal stability, entry to infrastructure and sound enterprise environments.
Watch the complete interview with Gary Guidry, CEO of Gran Tierra Vitality.
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