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Bharat Vasandani Madhavan N. & Hari... Urvish Dave

Market & Company Research Store > Details

Year: 2012

Contents: 5 pages

Country: Colombia

Sector: Exploration and Production (Energy)
Heavy Oil is Driving the Growth of Oil Production in Colombia

Summary

Increasing exploration and production is driving the emergence of the heavy oil industry in Colombia. In the past 10 years, heavy oil production from the country has increased from almost nil to 127.8 million barrels of oil equivalent (MMboe). The main reason for the growth in heavy oil production in the country is the start of production from new fields in the country’s heavy oil-rich Llanos basin. Additionally, increased exploration in several heavy oil-rich blocks in the Llanos basin could further increase production in the future.

Scope

- The report explains why heavy oil is driving the growth of oil production in Colombia.
- The report also covers how increasing exploration in several blocks of the Llanos basin would drive the production of heavy oil in future.
- Geographic Scope- Colombia.

Reasons to buy

- To be aware about how heavy oil is driving the growth of oil production in Colombia
- To understand about Llanos basin being the most important heavy oil basin in Colombia
- To stay informed about how increasing exploration in several blocks of the Llanos basin would drive the production of heavy oil in future
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