DealsMay 27, 2026, 06:03 AM
Gran Tierra Secures 49% Working Interest in Tisquirama Block
AI Summary
Gran Tierra Energy announced it has satisfied all conditions for its contract with Ecopetrol S.A., securing a 49% working interest in the Tisquirama block in Colombia. This block, containing the Tisquirama and San Roque fields, is adjacent to Gran Tierra's Acordionero field, offering significant operational synergies. The company plans to invest a minimum of $15 million in Phase 1 capital activity, focusing on waterflood expansion and infill drilling, with completion expected by Q1 2027. Upon completion, Gran Tierra will receive 49% of existing and incremental production from the fields, which averaged 2,500 boepd gross in 2025.
Key Highlights
- Gran Tierra secured a 49% working interest in the Tisquirama block in Colombia.
- The Tisquirama block contains the Tisquirama and San Roque fields, adjacent to Gran Tierra's Acordionero field.
- Phase 1 capital activity requires a minimum of $15 million gross expenditures.
- Phase 1 completion, including continuous water injection, is anticipated by Q1 2027.
- Upon Phase 1 completion, Gran Tierra will receive 49% of existing and incremental production.
- The fields averaged approximately 2,500 boepd on a gross basis during 2025.
- The contract is expected to create meaningful operational synergies with the Acordionero field.
Price Impact
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