La Belleza is a producing conventional oil field located onshore Colombia and is operated by Parex Resources Colombia. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Vim 1 and Vim 1 (La Belleza). Buy the profile here.
An expansion project is associated with the La Belleza, namely the La Belleza Development. This project is currently in the construction stage, expected to start in 2023.
Field participation details
The field is owned by Frontera Energy and Parex Resources.
Production from La Belleza
The La Belleza conventional oil field recovered 6.08% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 1.86 thousand bpd of crude oil and condensate and 7.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2079.
Remaining recoverable reserves
The field is expected to recover 16.81 Mmboe, comprised of 10.27 Mmbbl of crude oil & condensate and 39.26 bcf of natural gas reserves.
About Parex Resources Colombia
Parex Resources Colombia Ltd (Parex Resources) is an oil and gas exploration and development company. Parex Resources is headquartered in Colombia.
For more details on the La Belleza Conventional Oil Field, buy the profile here.
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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.
