Colombia’s oil output up 19 % in May from May 2009

Jun 17, 2010 02:00 AM

Colombia's oil production rose to 776,000 bpd in May, up 18.8 % from the same month last year, but was unchanged from April's output, the National Hydrocarbon's Agency said.
Latin America's No. 4 oil producer has seen a boom in the energy sector after President Alvaro Uribe sent troops to retake areas once controlled by leftist guerrillas. The conservative leader steps down this year after two terms.

The Andean nation produced 653,000 bpd in May 2009 and 776,000 bpd in April this year, the agency said. Ecopetrol, Colombia's largest company, boosted daily production to 686,000 barrels in May from 599,000 barrels in the same month last year, it said.
Colombia has certified about 3.1 bn barrels in oil reserves, including proven, probable and possible reserves, double the country's average over recent years, due to the surge in foreign investment.

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