Seven Seas Completes Guaduas-La Dorada Pipeline; Update on Testing of El Segundo 5-S Well

Search Blogs that Mention this News Release

Click this link to view linked Bookmarking Services

Click this link to view linked Blogging Services

Seven Seas Completes Guaduas-La Dorada Pipeline; Update on Testing of El Segundo 5-S Well

    HOUSTON, July 6 /PRNewswire/ -- Seven Seas Petroleum Inc. (Amex: SEV)
announced today that it has completed the Guaduas-La Dorada Pipeline on
schedule and within budget.  The 40-mile Guaduas-La Dorada pipeline connects
the Guaduas Oil Field to international oil markets via Colombia's existing
pipeline infrastructure.  Current pipeline production is approximately
2,800 total barrels per day from the El Segundo 1-S and El Segundo 1-N wells.
Pipeline production from the Tres Pasos 1-E and Tres Pasos 1-W wells has been
delayed due to mechanical difficulties with the heater treater, but will
commence immediately after the problem is resolved.  The Company is addressing
the problem and exploring other alternatives, but cannot estimate at this time
when the matter will be resolved.  A slide show of the pipeline and related
production facilities is available on the Company's Web site --
http://www.sevenseaspetro.com.
    Production testing of the El Segundo 5-S well resumed at rates between
1,800 and 2,800 barrels per day over a three and one-half day period until the
submersible pump failed.  Because the Tres Pasos 5-W well is being drilled
from the same surface location as the El Segundo 5-S, the Company will
temporarily stop drilling operations while it replaces the submersible pump.
Pipeline production from the El Segundo 5-S well will commence immediately
after the pump has been replaced and production testing and clean up
operations are complete.
    Seven Seas Petroleum Inc. is an independent oil and gas exploration and
production company operating in Colombia, South America.  The Company's
primary emphasis is on further exploration, development and production of the
Guaduas Oil Field, located in Colombia's prolific Magdalena Basin.
    Statements regarding anticipated oil and gas production and other oil and
gas operating activities, including the costs and timing of those activities,
are "forward looking statements" within the meaning of the Securities
Litigation Reform Act.  The statements involve risks that could significantly
impact Seven Seas Petroleum Inc.  These risks include, but are not limited to,
adverse general economic conditions, operating hazards, drilling risks,
inherent uncertainties in interpreting engineering and geologic data,
competition, reduced availability of drilling and other well services,
fluctuations in oil and gas prices and prices for drilling and other well
services and government regulation and foreign political risks, as well as
other risks discussed in detail in the Seven Seas Petroleum Inc.'s filings
with the U.S. Securities and Exchange Commission.

SOURCE Seven Seas Petroleum Inc.

http://www.sevenseaspetro.com
Company News On-Call:

http://www.prnewswire.com/comp/123145.html
CONTACT:
Bryan Sanchez, Investor Relations of Seven
Seas Petroleum Inc., 713-622-8218