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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-Q/A


    (Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                  For the quarterly period ended March 31, 2001

                                       or

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

              For the transition period from _________to__________

    Commission File No. 0-22483
                               -------------

                                 ---------------

                            SEVEN SEAS PETROLEUM INC.
             (Exact name of registrant as specified in its charter)
<TABLE>
<S>                                                                                        <C>
CAYMAN ISLANDS                                                                                73-1468669
(State or other jurisdiction of                                                            (I.R.S. Employer
incorporation or organization)                                                             Identification No.)


SUITE 1700, 5555 SAN FELIPE HOUSTON, TEXAS                                                        77056
(Address of principal executive offices)                                                        (Zip Code)
</TABLE>

    Registrant's telephone number, including area code: (713) 622-8218

                                 ---------------

    Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

    Yes  [X]   No  [ ]

    Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

    As of May 15, 2001, there were 37,858,501 outstanding shares of the
registrant's ordinary shares (also called "common shares"), par value $0.001 per
share.




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<TABLE>
<CAPTION>
           PROPOSAL                                  FOR                        AGAINST          ABSTAIN
           --------                                  ---                        -------          -------
<S>                                                  <C>                        <C>              <C>
           Ratification of Independent Auditors      30,998,742                 75,683           171,931
</TABLE>

     Item 5.  Other Information - N/A
     Item 6.  Exhibits & Reports on Form 8-K
(a)      Exhibits

<TABLE>
<CAPTION>

                      EXHIBIT
                      NUMBER                          DESCRIPTION
                      -------                         -----------
<S>                              <C>      <C>
                  (3)                     Articles of Incorporation and By-laws
                                 (A)      Certificate of Continuance to the
                                          Cayman Islands, incorporated by
                                          reference to Exhibit 3(A) in the
                                          Company's annual report on Form
                                          10-K for the year ended December 31,
                                          2000
                                 (B)      Memorandum of Association,
                                          incorporated by reference to Exhibit
                                          3(B) in the Company's annual report on
                                          Form 10-K for the year ended December
                                          31, 2000
                                 (C)      Articles of Association, incorporated
                                          by reference to Exhibit 3(C) in the
                                          Company's annual report on Form 10-K
                                          for the year ended December 31, 2000
</TABLE>


(b)      Reports on Form 8-K filed during the quarter ended March 31, 2001 - N/A



SIGNATURES

                                              SEVEN SEAS PETROLEUM INC.




Date: May 15, 2001

                                         By:  /s/ LARRY A. RAY
                                              ----------------------------------
                                              Larry A. Ray, President, and
                                              Chief Operating Officer


                                              /s/ RONALD A. LeFAIVE
                                              ----------------------------------
                                         By:  Ronald A. Lefaive, Chief Financial
                                              Officer and Secretary



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