Palogrande is a producing heavy oil field located onshore Colombia and is operated by Ecopetrol. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Neiva and Pijao Potrerillo. Buy the profile here.
Field participation details
The field is owned by Ecopetrol.
Production from Palogrande
The Palogrande heavy oil field recovered 70.17% of its total recoverable reserves, with peak production in 2004. The peak production was approximately 2.95 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2044.
Remaining recoverable reserves
The field is expected to recover 4.54 Mmboe, comprised of 4.46 Mmbbl of crude oil & condensate and 0.50 bcf of natural gas reserves. Palogrande heavy oil field reserves accounts 0.01% of total remaining reserves of producing heavy oil fields globally.
Ecopetrol SA (Ecopetrol) is an integrated oil and gas company. It carries out exploration, development and production of oil and gas. It is also involved in refining of crude oil to produce petroleum products, besides transportation services. The company owns and operates refineries that produce a wide range of products including gasoline, diesel, kerosene, liquefied petroleum gas, and petrochemicals, including paraffin waxes, lube base oils, aromatics, asphalts, among others. It transports crude oil, motor fuels, fuel oil and other refined products including diesel and biofuels. The company has operational presence in Colombia, Peru, Brazil, Panama and the US Gulf Coast. It is majority owned by the Republic of Colombia. Ecopetrol is headquartered in Bogota, Colombia.
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