Gran Tierra Energy Inc. (GTE.TO), a company focused on oil exploration and production in South America, announced today a 2012 capital spending program of $367 million for its exploration and production development operations in Colombia, Brazil, Peru and Argentina.
The company said the capital spending program allocates $246 million for drilling, $39 million for facilities, equipment and pipelines, including $2 million associated with corporate activities, and $82 million for seismic activities.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.