Costayaco is a producing conventional oil field located onshore Colombia and is operated by Gran Tierra Energy Colombia. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Chaza and Chaza (Costayaco). Buy the profile here.

An expansion project is associated with the Costayaco, namely the Costayaco Development Phase 2. This project is currently in the feasibility stage.

Field participation details

The field is owned by Gran Tierra Energy.

Production from Costayaco

The Costayaco conventional oil field recovered 67.47% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 18.61 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 1% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 30.54 Mmboe, comprised of 29.80 Mmbbl of crude oil & condensate and 4.45 bcf of natural gas reserves. Costayaco conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.

For more details on the Costayaco Conventional Oil Field, buy the profile here.


GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.