In a press release posted on its web site, Ecopetrol confirmed “the biggest gasoline discovery in … [Colombia’s] historical past”.
The discover got here through the drilling of the Sirius-2 nicely within the Colombian Caribbean, Ecopetrol highlighted within the assertion, which was translated from Spanish. The event is “a part of the dedication to include the pure gasoline that the nation must strengthen vitality safety”, the corporate outlined within the assertion.
Analysis actions of the outcomes of the Sirius-2 nicely drilling verify in-place gasoline volumes better than six cubic meters, the translated assertion famous, including that this discovery may improve the nation’s present gasoline reserves by 200 %.
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The anticipated manufacturing is round 470 million cubic ft per day for 10 years, in accordance with the assertion, which highlighted that the anticipated begin of pure gasoline manufacturing is three years after receiving all environmental licenses. The consortium is estimating an funding of $1.2 billion for exploration section one and $2.9 billion within the manufacturing improvement section, the assertion identified.
“Due to this outcome, the consortium, shaped by Petrobras Worldwide Braspetro as operator (44.44 % stake), along with Ecopetrol (55.56 % stake), will start the actions of meteoceanic information acquisition as a part of the manufacturing improvement undertaking of this discovery,” the assertion famous.
“These information, along with environmental data on the seabed, bathymetry, geotechnical and geophysical data, are important for the set up of the stream line for the transport of pure gasoline from the sector to the gasoline therapy unit on land, in addition to for the set up of manufacturing programs on the seabed,” it added.
“This discovery of a giant volumetric potential for pure gasoline paves the way in which for the beginning of the socio-environmental and licensing procedures essential to move the gasoline to consumption facilities, inside the framework of a good vitality transition,” the assertion went on to notice.
In accordance with the Vitality Institute’s (EI) statistical evaluation of world vitality, which was launched earlier this yr, Colombia produced 12.1 billion cubic meters of pure gasoline in 2023. That determine marked a 3.0 % yr on yr lower and 0.3 % of world pure gasoline manufacturing that yr, the evaluation outlined. From 2013 to 2023, Colombia’s pure gasoline output has fallen by a median of 0.9 % per yr, the evaluation confirmed.
Argentina was the South and Central American nation with the best pure gasoline manufacturing determine in 2023, at 41.6 billion cubic meters, the evaluation outlined. That determine marked a 0.2 % yr on yr drop and 1.0 % of whole pure gasoline output final yr, in accordance with the evaluation.
The EI’s pure gasoline manufacturing figures exclude gasoline flared or recycled and embody pure gasoline produced for gasoline to liquids transformation, the evaluation highlights.
In a press release posted on its web site again in July, which was additionally translated from Spanish, Ecopetrol mentioned it was “search[ing]… alternate options to handle [a] gasoline scarcity in Colombia”.
“The Ecopetrol Group is shifting ahead with the implementation of the 2024-2034 roadmap, which seeks to ensure the provision of pure gasoline to greater than 40 million Colombians, with a plan that features maximizing manufacturing inside the nation and offshore within the Caribbean, along with the import of vitality,” that assertion famous.
Ecopetrol SA is organized as a public restricted firm, linked to the Ministry of Mines and Vitality, its website highlights. Ecopetrol shares are listed on the Colombian Inventory Change and the New York Inventory Change represented in ADRs (American Depositary Receipts), the location notes, including that the Republic of Colombia is almost all shareholder with a stake of 88.49 %.
The corporate has operations positioned within the middle, south, east, and north of Colombia, in addition to overseas, the location states. It additionally has two refineries in Barrancabermeja and Cartagena, the location factors out.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
