Ecopetrol Output Around 725 Mb/d

Instant Max AI

(Energy Analytics Institute, Piero Stewart, 25.Mar.2015) – During the first two months of 2015 Ecopetrol’s production remained around 725 Mb/d primarily due to record production at the Castilla and Chichimene fields located in El Meta, and in the La Cira Infantas field located in Middle Magdalena Medio.

This average represents an increase of 20 Mb/d compared to the average of 705 Mb/d registered in the first two months of 2014, reported the daily newspaper El Espectador.

Ecopetrol announced its production averaged 726 Mb/d in January 2015 and 725 Mb/d in February 2015. The volumes in both months surpassed the goal of 710 Mb/d set by the company.

Of the average production in the first two months of 2015:

– 36% came from the Orinoquía region, which includes the Meta and Casanare fields;

– 14% came from the Central Region which includes the Middle Magdalena and Catatumbo fields;

– 5% came from the South Region which includes the Huila, Tolima and Putumayo fields; and

– the remaining 45% came from partner fields that include assets operated by other companies whereby Ecopetrol has a participation.

Record production from the Castilla field, operate directly by Ecopetrol, surpassed 124 Mb/d in February 2015 while activities in the La Cira Infantas field (a contract between Oxy and Ecopetrol), helped production reach 40.6 Mb/d on March 5, a production figure that was last reached in 1945.

Another factor influencing results was the increase in production at the Chichemene field also operated directly by Ecopetrol and whereby production reached a record 85 Mb/d in January and was averaging close to 80 Mb/d in February.

Other increases in production were also reported at the Cantagallo and Casabe fields in the Middle Magdalena. Combined the two fields reported a production increase of 1.3 Mb/d.

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