Colombia’s crude oil output in November rose 12.8% from the year before to an average of 818,000 barrels per day, government oil-licensing agency ANH said Thursday.
October output was revised by the ANH to 800,000 barrels per day from its previous estimate of 798,000 barrels.
Average output for the first 11 months of the year stands at 781,000 barrels of crude a day.
State oil company Ecopetrol SA and its partner companies reached an average production in October of 736,000 barrels a day, a 12.3% increase from a year earlier. Output by companies operating through licensing agreements stood at 82,000 barrels a day, ANH said.
In 2009, average crude oil output totaled 671,000 barrels a day, the highest since 2000, when average output stood at 688,000.
Colombia’s natural gas production averaged 1.05 billion cubic feet a day in November, slightly lower than 1.10 billion cubic feet in the same month last year.
Colombia has seen massive inflows of foreign investment to develop its oil and natural gas industries as a result of the government’s market-friendly policies and its success in gaining control of territory once in the hands of Marxist guerrillas. (Darcy Crowe / Dow Jones Newswires)
