Pacific Rubiales eyes 225,000 boe/d in Colombia

Eric Watkins
OGJ Oil Diplomacy Editor

LOS ANGELES, Dec. 18 -- Pacific Rubiales Energy Corp. expects to produce 225,000 boe/d of oil and gas in 2010 as it develops three fields in Colombia.

Pacific Rubiales Pres. Jose Francisco Arata said the company will spend nearly $500 million next year on production facilities.

When it started operations of the 235-km Oleoductos de los Llanos pipeline serving Rubiales heavy oil field earlier this year, the company expected to be producing 100,000 b/d in Colombia by yearend (OGJ Online, Sept. 17, 2009).

Pacific Rubiales earlier announced new success in its appraisal of the Quifa and Rubiales blocks in the Los Llanos basin in Colombia.

It drilled successful appraisal wells, Quifa-17 on prospect E at Quifa and Rub-357 on prospect D at Rubiales.

Chief Executive Officer Ronald Pantin said the firm plans to drill “an additional 20 exploratory and appraisal wells at Quifa in 2010."

Pacific Rubiales owns 100% of Meta Petroleum Corp., a Colombian oil operator that operates the Quifa Block in association with Colombia's state-owned Ecopetrol SA.

Contact Eric Watkins at hippalus@yahoo.com.

Related Articles

Petrobras confirms Santos basin presalt discovery

05/21/2014 Initially announced as a discovery in February 2013, Brazil’s Petroleo Brasileiro SA (Petrobras) has confirmed that its 1-SPS-98 (1-BRSA-1063-SPS) ...

More exploration permits awarded offshore Western Australia

05/20/2014

Two more exploration permit awards have been made offshore Western Australia in the continuing acreage release program.

BLM to prepare EIS on large proposed Wyoming oil, gas project

05/19/2014 The US Bureau of Land Management plans to prepare an environmental impact statement based on five independent producers’ plans to develop natural g...

OGJ Newsletter

05/19/2014

International  news for oil and gas professionals

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected