April 4, 2012. The Ministry of Mines and Energy reports that the average oil production in Colombia in March 2012 stood at 950,939 barrels per day (bpd), ie by 7.2% compared to the average of 887,000 barrels that was recorded in March , 2011.
This graph shows the latest Campetrol data, from 2010 which is the last full year for which data is available from the Colombian company regulator SuperSociedades.
Campetrol recently updated its statistics for rig utilization as of March 12, 2012. The number of reported rigs is down from 261 to 220 but utilization is up to 85%.
The table shows the results of a study by Ernst and Young, commissioned by Colombian industry associations Large Scale Mining Chamber, Colombian Chamber of Mining and the National Association of Businesspersons (Mining Chapter).
Bogota, March 27, 2012 The Colombian Geological Survey informs the public and the media yesterday, March 26, that at about eight o’clock in the evening mine worker William Ivan Gaviria, 28, who was inside the mine in time of the emergency, was rescued uninjured.
March 27, 2012 From Parex Reserves Press Release… … “All of Parex’ crude oil reserves are located in Colombia’s Llanos basin.
Extracts from a Press Release by GeoPark: GeoPark Holdings Limited (“GeoPark” or the “Company”), the Latin American oil and gas exploration and production company operating in Chile, Colombia and Argentina (AIM:GPK) is pleased to announce the completion of its second acquisition in Colombia this year with the purchase of Hupecol Cuerva LLC (“Hupecol”), a privately-held company with two exploration and production blocks in Colombia, for a total consideration of US$75 million cash, adjusted for working capital.
March 23, 2012 RCNRadio.com reports that Glencore is being audited for alleged legal maneuvers to reduce royalties paid for the extraction of coal.
No doubt helped by a good dry season, stood at 4,060 as of the end of February 2012. If this rhythm is maintained, the country should finish at over 24,500 kilometers, 2% better than 2011 but still below the peak of 25,213 kilometers in 2010.
Colombia reached a new record for wells drilled in 2011 so it is no surprise that utilization was high in November when companies were in the final push to finish year-end goals.
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