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December 3, 2021updated 27 Apr 2022 12:11pm

Ceibo Conventional Oil Field, Colombia

By Carmen

Ceibo is a producing conventional oil field located onshore Colombia and is operated by Frontera Energy Colombia. The field is located in block Guatiquia (Ceibo).

Field participation details

The field is owned by Frontera Energy.


Production from Ceibo

The Ceibo conventional oil field recovered 47.98% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 6.85 thousand bpd of crude oil and condensate and 1 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 9.96 Mmboe, comprised of 9.49 Mmbbl of crude oil & condensate and 2.82 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.

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