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April 29, 2022

Matachin Sur Conventional Oil Field, Colombia

By Carmen

Matachin Sur is a producing conventional oil field located onshore Colombia and is operated by Hocol. The field is located in block Espinal.

Field participation details

The field is owned by Ecopetrol.


Production from Matachin Sur

The Matachin Sur conventional oil field recovered 72.28% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 0.94 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2042.


Remaining recoverable reserves

The field is expected to recover 0.57 Mmboe, comprised of 0.53 Mmbbl of crude oil & condensate and 0.23 bcf of natural gas reserves.


About Hocol

Hocol SA operates as a hydrocarbon exploration and production company. It has exploration and oil operations in the upper and middle Magdalena valleys, including the San Francisco field, and Central Plains (Llanos) regions of Colombia, as well as in Lake Maracaibo, Venezuela.

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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