Colombian oil production falls slightly to 744,173 bpd in September

BOGOTÁ, Nov 4 (Reuters) – Colombia’s oil production fell 0.68% in September to 744,173 barrels average day (bdp), compared to the same month last year, due to scheduled maintenance and power failures in some fields the Ministry of Mines and Energy reported on Thursday.

Production in the ninth month was down 0.48% from the 747,772 bpd reported in August, the report said.

Between January and September, average oil production reached 733,657 barrels per day, a reduction of 7.05% compared to the same period in 2020, when it stood at 789,321 barrels per day.

Since the end of April, Colombia has faced an escalation of protests against the government’s economic and social policies, in the midst of which there were road blocks and acts of vandalism that forced a reduction in the pumping of crude in some fields, which decreased production.

The South American country has proven reserves of 1,816 million barrels of crude oil, equivalent to 6.3 years of consumption, which makes it necessary to increase them with new discoveries and recovery improvement programs in the fields currently exploited.

Meanwhile, commercialized gas production rose 1.1% year-on-year in September to 1,082 million cubic feet per day (mcfd).

If the gas production in September is compared with the 1,061 million cubic feet of last August, there was an increase of 2%, the Ministry of Mines and Energy said.

(Report by Luis Jaime Acosta, edited by Nelson Bocanegra)

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