Tibu is a producing conventional 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 Tibu. Buy the profile here.
Field participation details
The field is owned by Ecopetrol.
Production from Tibu
The Tibu conventional oil field recovered 99.65% of its total recoverable reserves, with peak production in 1965. The peak production was approximately 21.14 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026.
Remaining recoverable reserves
The field is expected to recover 0.75 Mmboe, comprised of 0.57 Mmbbl of crude oil & condensate and 1.07 bcf of natural gas reserves.
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.
For more details on the Tibu Conventional Oil Field, buy the profile here.