Bolivar is a producing heavy oil field located onshore Colombia and is operated by Inversiones Y Operaciones Bloque B. The field is located in block Buenavista (Bolivar).
Field participation details
The field is owned by Bohemia Investment, Omega Energy International and Inversiones Y Operaciones Bloque B.
Production from Bolivar
The Bolivar heavy oil field recovered 28.23% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 0.03 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2050.
Remaining recoverable reserves
The field is expected to recover 0.4 Mmboe, comprised of 0.08 Mmbbl of crude oil & condensate and 1.88 bcf of natural gas reserves.
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.