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December 8, 2021updated 27 Apr 2022 11:49am

Indico Conventional Oil Field, Colombia

By Carmen

Indico is a producing conventional oil field located onshore Colombia and is operated by ONGC Videsh Ltd Sucursal Colombiana. The field is located in block Cpo 5.

Field participation details

The field is owned by Oil and Natural Gas and GeoPark.


Production from Indico

The Indico conventional oil field recovered 11.03% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 12.95 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2054. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 61.47 Mmboe, comprised of 61.47 Mmbbl of crude oil & condensate. Indico 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.

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