February 12, 2016 - 10:49 PM EST
Print Email Article Font Down Font Up
Colombia oil output down 1.1 pct. in January to 982,000 bpd

Bogota
, Feb 13 (EFE).- Oil production in
Colombia
fell to an average of 982,000 barrels per day in January, down 1.1 percent from the 993,800 bpd registered in December, the Mines and Energy Ministry said.

The decline in output was due to "technical maintenance" at the Rubiales and Quifa fields and those in the Piedelmonte plains region, as well as pumping limitations stemming from maintenance work on the Caño Limon-Coveñas pipeline, the ministry said in a statement Friday.

It added that natural gas production averaged 1.05 billion cubic feet (29.8 million cubic meters) per day in January, up 1.52 percent from December's output of 1.04 billion cfd.

Colombia
produced an average of 1,005,400 barrels of oil per day in 2015, which translates into "1 trillion pesos (some $302.2 million) for the country," officials said Friday. EFE

lb/mc

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Source: Equities.com News (February 12, 2016 - 10:49 PM EST)

News by QuoteMedia
www.quotemedia.com

Legal Notice