Colombia finds new reserves; targets 1.3m bbl production by 2020

Wednesday, December 11th 2013 - 00:04 UTC

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Colombian state-owned oil company Ecopetrol and Canada's Talisman Energy Inc said on Monday they had discovered an estimated 1.3 billion barrels of oil in southeastern Colombia and that about a tenth of it was likely to be recoverable. The announcement was the second in a week for Ecopetrol and an important addition to the diminishing reserves the country has been urgently trying to boost. The Andean nation also expects to eventually exploit shale oil and gas. Read full article

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ChrisR
So, of the 1.3 Bn barrels “found” they are only getting one tenth out of the ground.

2,000 barrels a day is only 84,000 US gallons (75,600 imp gals) a day.

Bit Mickey Mouse.

They will have to keep moving the drugs.
Dec 11th, 2013 - 08:25 pm - Link - Report abuse 0
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