Rex is a producing conventional oil field located onshore Colombia and is operated by SierraCol Energy Arauca. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Cosecha. Buy the profile here.
Field participation details
The field is owned by Ecopetrol, Repsol and SierraCol Energy.
Production from Rex
The Rex conventional oil field recovered 34.54% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 0.41 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2058.
Remaining recoverable reserves
The field is expected to recover 1.66 Mmboe, comprised of 1.66 Mmbbl of crude oil & condensate.
About SierraCol Energy Arauca
SierraCol Energy Arauca LLC (OSierraCol Energy) is a Colombian based oil and gas company. It is involved in exploration and production of natural gas and drilling services. The company operates as a subsidiary of Occidental Petroleum Corporation. SierraCol Energy is headquartered in Bogota, Colombia.
For more details on the Rex Conventional Oil Field, buy the profile here.