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  1. Market Data
May 6, 2022

Chipiron Conventional Oil Field, Colombia

By Carmen

Chipiron is a producing conventional oil field located onshore Colombia and is operated by SierraCol Energy Arauca. The field is located in block Chipiron (Cravo Norte Ady).

Field participation details

The field is owned by SierraCol Energy, Ecopetrol and Repsol.


Production from Chipiron

The Chipiron conventional oil field recovered 57.02% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 12.03 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2052.


Remaining recoverable reserves

The field is expected to recover 18.21 Mmboe, comprised of 18.21 Mmbbl of crude oil & condensate.


About SierraCol Energy Arauca

SierraCol Energy Arauca LLC (OSierraCol Energy) is a Colombian based oil and gas company. It is involved in exploration and production of natural gas and drilling services. The company operates as a subsidiary of Occidental Petroleum Corporation. SierraCol Energy is headquartered in Bogota, Colombia.

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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