Gran Tierra cranks up the gears

Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities

Calgary-based Colombian operator Gran Tierra Energy saw a healthy production rebound in Q3 as national protests cooled and the country returned to greater stability. Company output increased by 53pc year-on-year—to 28,957bl/d—and by 26pc over the previous quarter. Transportation blockades in Colombia severely curtailed national oil and gas production in Q2. Gran Tierra’s output sunk by 5.8pc between the first two quarters as the independent was forced to shut in production and defer drilling into the second half of the year. But government negotiations successfully ended the blockades in July. And Gran Tierra has since restored its portfolio to its highest production level since Q1 last year