Colombia: World Oil Report 1991

Journal Article · Thu Aug 01 04:00:00 EDT 1991 · World Oil; (United States)

OSTI ID:5801651

This paper reports that despite the usual violent interference from drug lords and the guerilla group ELN (National Liberation Army), Colombia's upstream sector continues to chug along. Production was up again last year, foreign operators are still signing exploration contracts, and a new pipeline complex connecting smaller producing oil fields with terminal facilities should bring another 80,000 bpd of capacity onstream by the end of this year. Officials intend to keep this pace of development moving along if they can, but they acknowledge that the rate that reserves are replaced must increase if Colombia is to avoid becoming a net importer by 1996. Operators added only 140 MMbbl from 1988 through 1990 versus a government target of 400 MMbbl. Exploration and development must be expanded, but Ecopetrol is hamstrung to do much more on its own. With the government draining revenue for domestic needs, Ecopetrol actually may have to slow down from current funding levels. So an increase in foreign operators' activity is needed.

• OSTI ID: 5801651
• Journal Information: World Oil; (United States), Journal Name: World Oil; (United States) Vol. 212:8; ISSN 0043-8790; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
COLOMBIA
DEVELOPING COUNTRIES
ENERGY POLICY
EXPLORATORY WELLS
EXPORTS
FOREIGN POLICY
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
INDUSTRY
LATIN AMERICA
MINERAL RESOURCES
OIL FIELDS
OIL WELLS
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PIPELINES
PLANNING
PRODUCTIVITY
RESOURCE DEVELOPMENT
RESOURCES
SOUTH AMERICA
TRADE
WELLS