Rio Zulia is a producing conventional oil field located onshore Colombia and is operated by Iberoamericana de Hidrocarburos. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Rio Zulia. Buy the profile here.
Field participation details
The field is owned by Iberoamericana de Hidrocarburos.
Production from Rio Zulia
The Rio Zulia conventional oil field recovered 98.79% of its total recoverable reserves, with peak production in 1966. The peak production was approximately 37.00 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2030.
Remaining recoverable reserves
The field is expected to recover 1.10 Mmboe, comprised of 1.10 Mmbbl of crude oil & condensate.
About Iberoamericana de Hidrocarburos
Iberoamericana de Hidrocarburos SA de CV (IHSA) is an industrial construction company devoted to oil and gas, and wastewater management. The company’s business strategy envisages the exploration, development, operation and maintenance of oil and gas fields in Mexico. IHSA provides various services such as collection and processing of seismic data, drilling and completion oil and gas wells, oilfield development, construction of production infrastructure, operation and maintenance of oil and gas fields, and production optimization services, among others. The company has an agreement with PEMEX for the development, operation and maintenance of the Nejo block in Sabinas basin. Currently, IHSA is constructing a municipal wastewater treatment plant near Conchos River in the state of Tamaulipas, which will be completed by year end 2012. The company’s shareholders are Actividades de Construccion y Servicios SA (59.5%), also known as Grupo ACS, and Monclova Pirineos Gas SA (40.5%), a subsidiary of VETRA Energia SL. The company is headquartered in Monterrey, Mexico.
For more details on the Rio Zulia Conventional Oil Field, buy the profile here.