Petroamazonas EP and Amerisur Resources cooperation agreement


FERRERE advised on the transaction

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, signed an agreements with Petroamazonas EP for the use of the OBA/RODA pipeline systems for transport of Amerisur crude oil. This agreement defines the terms and conditions for the construction and commissioning of the Chiritza re-pumping station at Km 51+300 of the RODA pipeline from Cuyabeno to the SOTE pipeline at Lago Agrio.

The agreement allows Amerisur, through its Ecuadorian subsidiary, to build and commission the Chiritza station. Once operational, the Company will gain an additional 4,000 bopd of guaranteed minimum carrying capacity, bringing Amerisur’s guaranteed minimum carrying capacity to a total of 9,000 bopd.

The Company is currently in the process of procuring goods and services to fulfill its commitments under the Second Agreement. Amerisur estimates that the construction and commissioning will be completed in October 2018.

FERRERE advised Amerisur Resourses Plc on the deal with Andrés Donoso (Picture), Paola Gachet and Rafael Valdivieso.

Involved fees earner: Andrés Donoso – Ferrere Attorneys; Rafael Valdivieso – Ferrere Attorneys; Paola Gachet – Ferrere Attorneys;

Law Firms: Ferrere Attorneys;

Clients: Amerisur Resources Plc;

Avatar

Author: Ambrogio Visconti.