Velasquez is a producing heavy oil field located onshore Colombia and is operated by Mansarovar Energy Colombia. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block P.P. Velasquez. Buy the profile here.

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Field participation details

The field is owned by China Petrochemical and Oil and Natural Gas.

Production from Velasquez

The Velasquez heavy oil field recovered 67.65% of its total recoverable reserves, with peak production in 2015. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048.

About Mansarovar Energy Colombia

Mansarovar Energy Colombia Ltd (Mansarovar Energy) is an oil and gas company that offers exploration and production services. The company's services include drilling and well support, procurement, contract support and transportation of hydrocarbons services with emphasis on heavy crude oil. It develops activities of exploration, exploitation, transportation and commercialization of hydrocarbons in the departments of Boyaca, Santander, Antioquia, Meta and Cundinamarca. The company tests the following technologies including injection of foams or surfactants, injection of cementing gel, simultaneous nitrogen injection with steam, pulse tubing and continuous vapor injection, among others. Mansarovar Energy is headquartered in Bogota, Colombia.

For more details on the Velasquez Heavy Oil Field, buy the profile here.

This content was updated on 7 February 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.