Ecopetrol and Gran Tierra Pact Investment of US$92 Million to Reactivate Fields in Cesar

TL;DR

Ecopetrol and Gran Tierra Energy signed an agreement to boost hydrocarbon production in Cesar, Colombia.
Gran Tierra will invest US$92.4 million over 40 months in the Tisquirama and San Roque fields.
The investment aims to increase production from 2,500 to over 13,000 barrels per day through water injection and enhanced recovery techniques.
Gran Tierra expects a 49% stake in the Tisquirama block after fulfilling commitments.
The project aims to contribute to the country's energy supply and generate employment in the Cesar region.
Synergies with existing operations and exploration opportunities are anticipated.

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