Colombia stopped producing 13,600 barrels of oil a day in February due to public order concerns

Colombia stopped producing 13,600 barrels of oil a day in February due to public order concerns

Between January and February, the average oil production is 766,800 barrels per day. EFE

The preliminary production of Oil in Colombia during FEBRUARY reaches the 759,900 barrels of oil per day (bpd)which means a decrease of 1.8% (13,600 barrels less) compared to last January (774,000 per day), according to the latest report on drilling and production presented by the Colombian Chamber of Oil, Gas and energy goods and services. (Campetrol).

The figure for the current year (January 2023 to February 2023) shows a variation of 3.7%, i.e. an average production of 766,800 pages per day.

The data, according to the association, is mainly explained by the public order situations registered in the departments of Arauca, Putumayo and Caquetawhich led to downward variations in production from one month to the next.

“The above means a significant loss of resources for the Colombian economy in the royalties of the respective departments and the negative impact on the workforce in the regions. This, taking into account that in the first three months of the year, different incidents and environmental alarms have led to the suspension of operations in Arauca for more than 48 days to date,” Campetrol said.

Likewise, in departments like the Meta, Putumayo and Caqueta they introduced themselves means of fact in the mobilization of equipment and the entry of personnel into operations that even lasted more than 20 days. THE locks increased by around 40% between the first half of 2021 and the second half of 2022, which represents an average of around three daily blockades in 2022 in operations across the country.

For its part, marketed gas production was 1,008 million cubic feet per day (mcfd), which means a decline of 6.6% compared to the same month in 2022. Compared to January, there was a growth of 3.8%. For the average of the year, a production of 990 mpcdwhich shows a decrease of 5.8% compared to the same period in 2022.

“In Colombia, for the month of February 2023, there were 142 active platforms: 51 drilling and 91 maintenance, seven platforms less compared to January 2023. The projection for the next three months estimates a reduction in the number active drill rigs of 137, 135 and 133 in March, April and May, respectively,” reported the Colombian Chamber of Oil, Gas and Energy Goods and Services.

Regarding the drilling activity, Campetrol specified that this has maintained a downward trend over the last three months, going from a total of 155 active teams in November 2022 up to 142 in February 2023a decrease of 13 active teams (-8.4%).

Specifically, during this period, drilling rigs they went from 60 to 51, which saw a decline of 15%, while maintenance exercises fell from 95 to 91 and saw a decline of 4.2%. This decrease is mainly due to the public disorder in departments like Arauca and Putumayo.

The reduction in the number of active drilling and oil production in the country between January and February 2023, was accompanied, according to the latest information from the National Administrative Department of Statistics (Dane), by a figure of 1,024 million of dollars. on board (FOB) exports of crude oil and derivatives, which implied a decrease of 244 million USD, compared to the same period of 2022 (780 million USD).

“We reiterate the importance of oil, gas and energy in generating well-being, economic development, production chains, local labor and energy sovereignty, for which we invite the government, industry and the territory to continue working together in favor of maintaining the sector for the benefit of all Colombians”, affirmed the executive president of Campetrol, Nelson Castaneda.

Melissa Galbraith
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