February 12, 2016 - 10:49 PM EST
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Colombia oil output down 1.1 pct. in January to 982,000 bpd

, Feb 13 (EFE).- Oil production in
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.

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


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

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