Colombian crude oil production hits 18-month high
Colombia reported an 8% rise in oil production in June as operators capitalized on surging prices, new figures show.
Output from domestic fields reached 752,294b/d, up from 694,150b/d a year earlier, according to data from the mines and energy ministry.
It marked the fourth consecutive monthly increase and the first time since December 2020 that production exceeded 752,000b/d.
Producers also reported a 3.44% year-on-year rise in gas output to 1,103 million cubic feet per day.
"We [leave] more than 353 wells in production and a hydrocarbons sector that has been completely reactivated," outgoing energy minister Diego Mesa said on Twitter ahead of the August 7 swearing-in of president-elect Gustavo Petro.
Brent crude was trading at US$95/b on Friday, down from a June average of US$123/b amid rising concerns about a global economic downturn.
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News in: Oil & Gas (Colombia)
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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