REX NE 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 NE
The REX NE conventional oil field recovered 14.93% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 17.86 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2071. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 91.50 Mmboe, comprised of 91.50 Mmbbl of crude oil & condensate. REX NE conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.
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 NE Conventional Oil Field, buy the profile here.