South-America focused oil firm Amerisur Resources said it had transported 2million barrels of oil through the OBA pipeline.
Amerisur said the exports generated savings totalling $20.3million during the fifteenth month of its operation.
The OBA pipeline was completed in October 2016 at a cost of $18million.
It has reduced average transport costs from $14.05 per barrel to $3.90 per barrel and has reduced opex per barrel to $15.
John Wardle, CEO of Amerisur said: “The OBA pipeline has more than paid for itself after just fifteen months of operations. As production increases from the Putumayo region and OBA throughput increases the cost savings Amerisur will achieve will escalate further.”
Amerisur Resources produces from two fields in Colombia.
In 2016 it successfully built and is 100% owner of the strategic OBA oil transfer line into Ecuador.