LLA Block

Sintana's investment in LLA-18 (25% carried interest through Phase 1 in 111,624 gross acres) marks the Company's entry into the Llanos, Colombia's most prolific oil and gas producing basin.

The Llanos Basin is situated in East-Central Colombia and is one of the country's most prospective basins. Central Colombia, is becoming an important production area. The largest field in the country is the Rubiales field, low levels of production began at Rubiales in the late 1980s, but increasing investment and the completion of a new pipeline have allowed production rates to rise in recent years. Production at Rubiales exceeded 170,000 bbl/d in 2011, up from only 12,000 bbl/d in June 2007. According to the Colombian government, the field could contain 500 million barrels of total reserves.

Nearest production to the LLA-18 is the Leona Block to the southeast discovered in 2007 by Hupecol. Immediately to the north and on trend with is the Guachuria Field which produce approximately 3,000 BOEPD. Several structures have been identified, mainly structural closures along faults, the operator has just completed a 3D seismic survey to identify and further define additional prospects.

Partnered with: LOH Energy