Since 2010, the SPE Colombian section has been interested in disemination of the technology in production optimization and reservoir management for heavy oil reservoirs. The significance of heavy oil in Colombia's future is based on the expected recovery of 468MMBLS of oil with a production peak of 1,3MMBOPD in 2020. current daily heavy oil production in Colombia is more than 200,000 BOPD from fields like Castilla, Chichimene, Quifa, and Rubiales at the Llanos Basin. And Girasol, Moriche, Underriver, Nare, Jazmin, Teca , Cocorna at the Magdalena Valley.
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-- Edited by funnyjokes on Friday 24th of August 2018 10:27:58 PM
Colombia holds 2,308,000,000 barrels of proven oil reserves as of 2016, ranking 34th in the world and accounting for about 0.1% of the world's total oil reserves of 1,650,585,140,000 barrels. Colombia has proven reserves equivalent to 17.7 times its annual consumption.
Colombia imports Crude Petroleum primarily from: United States ($250M), Panama ($1.72M), Spain ($11.9k), Austria ($1.63k), and Peru ($760). The fastest growing import markets in Crude Petroleum for Colombia between 2019 and 2020 were Panama ($1.26M), Oman ($288), and Netherlands ($95).
After a century of oil exploration in Colombia, only four giant fields with reserves of more than 900 million barrels of oil have been found: La Cira-Infantas, Chuchupa-Ballena (natural gas), Caño Limón, Cusiana, and Cupiagua.
Crude oil production far exceeds domestic demand, making Colombia a net crude oil exporter. According to Global Trade Tracker, in 2020, Colombia exported 552,000 b/d of crude oil, a decline from 618,000 b/d in 2019.
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