Echo Energy, the Latin American focused energy company, is pleased today provides a further update regarding progress in the execution of the Santa Cruz Sur assets' Production and Infrastructure Enhancement Plan.

The first operational priority under the Plan was to upgrade the power generation capacity sufficient to sustain and contribute to the anticipated elevated production levels. The Company is pleased to announce that following mobilisation, all three additional power generation units have now been successfully installed on schedule in the respective fields.

The power generation unit installed in the larger Cerro Molino Oeste field (1,375 Kilo Volt Amps (KVA) capacity) has also been successfully commissioned and is available to support existing and future production levels. Work continues by the Santa Cruz Joint Venture staff to plan on commissioning of the remaining two installed units in the El Indio Oeste field and Oceano fields (both 375 KVA capacity).

Upgrades to the workover rig owned by the Santa Cruz Joint Venture are also being scheduled and include an overhaul of the hydraulic system and the blowout preventer (BOP) stack.

The successful installation of the additional power generation capacity and the planned upgrades to the workover rig represent critical steps in the delivery of the Plan. The Company looks forward to continuing to update shareholders on progress on the Plan throughout this year.

Santa Cruz Sur

Santa Cruz Sur is a collection of 5 production concessions located in the onshore Austral Basin, southern Argentina.

The assets sit to the northeast and southeast of Echo’s Tapi Aike exploration block and make up the production component of Echo’s full cycle strategy.

The licence portfolio consists of 12 producing oil and gas fields with existing infrastructure allowing the delivery of oil and gas to local, domestic and international export markets.

KeyFacts Energy: Echo Energy Argentina country profile