Rex is a producing conventional oil field located onshore Colombia and is operated by SierraCol Energy Arauca. The field is located in block Cosecha.
Field participation details
The field is owned by Repsol, Ecopetrol and SierraCol Energy.
Production from Rex
The Rex conventional oil field recovered 74.69% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 0.34 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036.
Remaining recoverable reserves
The field is expected to recover 0.25 Mmboe, comprised of 0.25 Mmbbl of crude oil & condensate.
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.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.