Agerato Exploration and Production awarded contract in Colombia
  by: OilOnline
  Tuesday, April 08, 2008

Emerald Energy Plc has been awarded a new exploration & production contract in Colombia.  The Agerato Contract, in which Emerald has a 100% working interest, covers an area of 170 sq. km and is located in the Putumayo Basin in south-west Colombia, approximately 75 km to the south-east of the Company's Maranta exploration & production contract area.

The initial phase of the exploration period is 12 months and the minimum work programme comprises the acquisition of 35 km of new 2D seismic data and the re-processing of 40 km of existing 2D seismic data. Emerald expects the prospective depths to be relatively shallow, at approximately 7,000 ft. The second phase of exploration, if entered, would include the drilling of a well.

The Agerato Contract has been awarded by the ANH, the National Hydrocarbon Agency of Colombia.

Click here for more of Today's News Headlines

New & Expanding Business Sponsored by Cameron