Colombia’s oil production falls to 742,091 bpd in August

Colombia’s oil production fell 15.9% year-on-year in August to 742,091 barrels per day (bpd), due to the average impact of the temporary closure of some wells due to the fall in international oil prices and the health emergency due to the coronavirus. the Government reported on Thursday. Average crude oil production between January and August reached 794,330 barrels per day, a 10.57% drop compared to the same period in 2019, when it stood at 888,200 barrels per day. Colombia is the fourth Latin American oil producer, with proven reserves of 2,036 million barrels of crude oil, equivalent to 6.3 years of consumption.

Source: Reuters