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  1. Market Data
May 13, 2022

La Belleza Conventional Oil Field, Colombia

By Carmen

La Belleza is a producing conventional oil field located onshore Colombia and is operated by Parex Resources Colombia. The field is located in block Vim 1 and Vim 1 (La Belleza).

Field participation details

The field is owned by Frontera Energy and Parex Resources.


Production from La Belleza

The La Belleza conventional oil field recovered 1.06% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 1.66 thousand bpd of crude oil and condensate and 7 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2077.


Remaining recoverable reserves

The field is expected to recover 16.25 Mmboe, comprised of 9.78 Mmbbl of crude oil & condensate and 38.81 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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