View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
May 9, 2022

Rio Zulia Conventional Oil Field, Colombia

By Carmen

Rio Zulia is a producing conventional oil field located onshore Colombia and is operated by Iberoamericana de Hidrocarburos. The field is located in block Rio Zulia.

Field participation details

The field is owned by Iberoamericana de Hidrocarburos.


Production from Rio Zulia

The Rio Zulia conventional oil field recovered 99.50% of its total recoverable reserves, with peak production in 1966. The peak production was approximately 37 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.


Remaining recoverable reserves

The field is expected to recover 0.45 Mmboe, comprised of 0.45 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.

Methodology

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU