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92% of fields profitable at US$34.41/barrel, says Campetrol

Wednesday, May 25th, 2016 Category: Regulations & Policy

The Association of Colombian Oil Goods and Services (Campetrol) said that at a price of US$34.41/barrel, 92% of Colombia’s producing fields yield a netback. The problem however lies in the high regional costs, blockades and now court decisions which cut into the country’s competitiveness.

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