Amerisur Resources Plc announced that it has entered into a farm-out agreement with Occidental Andina, LLC, an affiliate of Occidental Petroleum Corporation, an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America, across the following exploration blocks: Putumayo-9, Terecay, Tacacho and Mecaya, all in the Putumayo region, in southern Colombia. In consideration of the acquisition of a 50% interest in each block, Occidental Andina will fund a USD 93.25 million exploration and appraisal program between 2019-2021. Occidental Andina will fund 85% of the total planned 2D seismic cost expenditure of USD 65,000,000 and 100% of the USD 38,000,000 planned drilling program. The companies have agreed there will be a dedicated transport capacity in the OBA for the transport of oil from the Farm-out Blocks, with a commercial tariff charged for Occidental Andina's share. Amerisur Exploracion Colombia, a subsidiary of the company will be the operator of the Farm-out Blocks, which extend over 1.4 million acres and have prospective resources of 656 MMBO. The work program includes the acquisition of 878 Km of 2D Seismic and the drilling of five exploration wells.