Colombia oil field developments make progress

06/05/2000
Houston operators reported progress at oil field developments in three areas of Colombia. Pipeline connections or capacity constraints figure in most of the projects.Ecopetrol authorized Seven Seas Petroleum Inc., Houston, and its association contract partners to develop Guaduas (Emerald Mountain) oil and gas field 60 miles northwest of Bogota in the Middle Magdalena basin on a sole-risk basis.Seven Seas will seek financing for a 25,000 b/d project that will involve construction of production facilities and a 36-mile connection to the OAM pipeline at La Dorada.Once final permits are received, the firm will truck 4,000-6,000 b/d of oil, generating its first sustained cash flow. Seven Seas ...
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