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Balay Field

Project Stages

The development stages in the projects are displayed in the standard sequence for the industry. However, projects may be developed in a different sequence because of corporate decisions or events that push the owner to repeat stages. To access the full details of this project’s history please explore its milestones


Early Works
In Construction
Operation
Current Stage In production - under development
Start:03/2010
Project Details

Description

The Balay field, covering an area of 453km2 in the Llanos basin, is operated by Perenco. The field is owned by Petrobras with a 45% stake through its subsidiary Petrobras Colombia. The company is carrying out an exploration program in the area, having initially drilled to explore the Balay-1 well. Spanish company Cepsa holds 30%, though its subsidiary Colombia Cepcolsa, Sorgenia owns 10%, and Petroamerica Oil the remaining 15%. Production in October, 2014 was 160.4 b/d.

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Related Companies

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

  • * Changes to original budget estimates are shown as the total figure available and may include interest, working capital, inflation adjustments and other contingencies in addition to capital expenditure.

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Key Specs

Full Name
Balay Field
Project Type
Exploration, Onshore, Upstream
Development Phase
In production - under development
Project Status
Active
Project Capacity
 Exploration
 Onshore
 Upstream
Location

The Balay block is located in the Los Llanos basin in Colombia's Casanare department.

* The map coordinates provided represent the approximate latitude and longitude, and not the exact location, of the project in question.


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Owner / operator
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Supervisor, Balay Field Production
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Purchasing Chief
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