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  1. Market Data
May 5, 2022

Velasquez Heavy Oil Field, Colombia

By Carmen

Velasquez is a producing heavy oil field located onshore Colombia and is operated by Mansarovar Energy Colombia.

Field participation details

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


Production from Velasquez

The Velasquez heavy oil field recovered 63.30% 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 2045.


Remaining recoverable reserves

The field is expected to recover 12.16 Mmboe, comprised of 12.16 Mmbbl of crude oil & condensate. Velasquez heavy oil field reserves accounts 0.03% 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.

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.

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