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Economy

Ecopetrol oil fields hit record production

by Toni Peters May 11, 2011
1.8K

Colombia News - Oil wells

The two oil fields of Castilla and Chichimene in the department of Meta operated by state-run petroleum company Ecopetrol reached record production of 154,576 barrels of crude oil a day, local media reported Wednesday.

The Castilla field registered output of 119,879 barrels a day while Chichimene recorded production of 34,697 barrels a day, reported RCN. These two fields combined account for 24% of Ecopetrol’s production.

This record production is the result of an investment plan which began in 2000 which includes 112 development wells, and the construction of a new collection and treatment station among other things.

In 2000, when Ecopetrol took over operation of the fields, daily average output was 23,000 barrels per day which is an increase of 600%. Ecopetrol annpounced in March that it aims to produce 1.45 million barrels of oil per day by 2013.

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Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion