Archive for May 2026
Colombia: Mature Fields, Thermal Optimisation and the Challenges of Incremental Recovery
Colombia stands as one of Latin America’s most stable oil producers, with a current production of approximately 740,000–750,000 barrels of oil per day, sustained primarily by mature assets rather than new discoveries. Unlike emerging heavy-oil provinces, Colombia’s production profile is defined by fields that have been producing for decades, where the main challenge is no…
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