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, Buy the profile here.
Field participation details
The field is owned by China Petrochemical and Oil and Natural Gas.
Production from Velasquez
The Velasquez heavy oil field recovered 58.12% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 3.71 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2066.
Remaining recoverable reserves
The field is expected to recover 15.87 Mmboe, comprised of 15.87 Mmbbl of crude oil & condensate. Velasquez heavy oil field reserves accounts 0.04% of total remaining reserves of producing heavy oil fields globally.
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.
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