Andina is a producing conventional oil field located onshore Colombia and is operated by Parex Resources Colombia. The field is located in block Capachos.
Field participation details
The field is owned by Parex Resources and Ecopetrol.
Production from Andina
The Andina conventional oil field recovered 10.82% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 8.03 thousand bpd of crude oil and condensate and 6 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2071. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 46.15 Mmboe, comprised of 41.24 Mmbbl of crude oil & condensate and 29.44 bcf of natural gas reserves. Andina conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.