Colombia reports on oil production

Sep 14, 2001 02:00 AM

Colombia produced an average of 668,221 bpd in August, 5.4 % more than in August 2000, but production over the first eight months of 2001 were still 14 % less than for the same period last year, government spokesmen announced. According to the state-run Colombian Petroleum Company (Ecopetrol), for January-August 2001 the country extracted an average of 603,299 bpd of oil, while during the same period in 2000, the figure was 701,708 barrels.
The output in August was the highest since January, when 682,450 bpd were extracted, and exceeded by 112,061 the June daily-average production of 556,160 bpd, Colombia's lowest in several years. The August increase was a direct result of the extraction of 110,000 bpd from the oilfields in Cano Limon, in northeast Colombia near the Venezuelan border, run by the United States' OXY in partnership with Ecopetrol.

Activities at that oil field virtually stopped from the beginning of the year to July as a result of the sabotage perpetrated by National LiberationArmy (ELN) and Revolutionary Armed Forces of Colombia (FARC) guerrillas on the 770-mile oil pipeline that runs to the Caribbean port of Cobenas in the northwest. The oil fields at Cusiana and Cupiagua, currently the country's most productive, are operated by British Petroleum in conjunction with Ecopetrol and kept up their usual production, close to 300,000 bpd.
Though not oil-wealthy, Colombia produces enough oil to meet its domestic demand and to export the fuel in quantities that in recent years have grown to account for a third of the country's total exports and one of the government's principal sources of income.

Source: EFE
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