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Colombia’s oil production maintains a downward trend in October



File photo of an Ecopetrol refinery in Barrancabermeja


© Reuters / Jaime Saldarriaga
File photo of an Ecopetrol refinery in Barrancabermeja

BOGOTÁ, Dec 2 (Reuters) – Colombia’s oil production fell 1.48% year-on-year in October to 740,265 barrels average day (bpd) due to electrical and mechanical failures and public order problems, the ministry reported on Thursday. of Mines and Energy.

If compared to September, crude oil production in the tenth month of the year decreased by 0.5%.

The drop in production was mainly concentrated in the Rubiales (Puerto Gaitán, Meta), Yariguí-Cantagallo (Cantagallo, Bolívar), Platanillo, Cohembí (Puerto Asís, Putumayo), Chichimene (Acacías, Meta), Floreña Mirador, Pauto Sur fields (Yopal, Casanare) and Cicuco (Cicuco, Bolívar).

Between January and October, the average oil production accumulated a drop of 6.52% to 734,318 barrels average day.

The ministry revealed that during October the drilling of five exploratory wells and 47 development wells began in the country, for a total of 29 exploratory wells and 334 development wells so far this year.

In addition, 29.2 kilometers of equivalent 2D seismic were acquired during the month, for a total of 1,192 kilometers in the year.

Colombia has proven reserves of 1,816 million barrels of crude, equivalent to the consumption of 6.3 years, so it is focused on increasing them with new discoveries and improvement programs in the fields currently exploited.

Meanwhile, commercialized gas production rose 3.3% to 1,127 million cubic feet per day (mcfd) in October compared to the same month of the previous year and rose 4.16% against September.

(Report by Nelson Bocanegra. Edited by Javier Leira)

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