MinMinas. Bogotá D.C. February 15, 2018. The Ministry of Mines and Energy reports that the average crude oil production during the month of January was 860,187 barrels per day, showing a decrease of 0.03% compared to the same month in 2017 and a drop of 1.2% compared to the previous month. It is important to mention that the level observed in January remains above the 2018 target of the medium-term fiscal framework of 840,000 barrels per day.
The reduction in production is mainly due to electrical, mechanical failures and scheduled maintenance in the Guando, Pauto Sur, Cupiagua, Floreña, Bacano, Tigana and Nashira Norte fields; in addition to the different attacks against the oil infrastructure recorded in January by armed groups outside the law.
On the other hand, the gas production figure in January 2018 was 853,180 million cubic feet per day, showing an increase of 11% compared to January 2017 and a decrease of 81% compared to the previous month.
*This report contains estimated production data
Colombian Association of Oil and Gas