Gas production fell 4.2% and oil production rose 3.6% during May

The National Hydrocarbons Agency (ANH) presented the production data of Petroleum and gas for the fifth month of the year.

According to the entity’s data, the gas production fell 4.22% in its annual variation, going from 1,112 million cubic feet to 1,065 million.

(As of May, the equivalent of the tax average has stopped exporting).

However, when comparing the monthly data, an increase is evident. During April, 1,028 million cubic feet were produced, meaning that in May the increase was 3.6%.

He Ministry of Mines and Energy reported that in the monthly evolution the increase was reported in the fields Pauto Sur, Floreña, Floreña Mirador (Yopal, Casanare), Chuchupa (Manaure, Guajira), Gibraltar (Boyacá, Cubará), Mamey (Ovejas, Sucre), Claxon (La Unión, Sucre). This dynamic was explained by the increased demand for natural gas, as well as the restoration of production.

(Petro continues without powers to intervene in public services).

However, in the case of Petroleumthe Agency reported that there was an increase of 3.59% in the audited production, when evidencing 773,789 average barrels per daycompared to the 746,960 average barrels per day that were generated during the same month of 2022.

When reviewing these data in their monthly evolution, however, a slight decrease of 1.09% can be noted, since in April an average of 782,277 barrels were exploited each day.

(The carbon market, a task in which the country is behind).

This behavior was due to the drop in production in Castile (Acacias / New Castile, Meta), south east spout (Puerto Gaitán, Meta), Northern Castile (Acacias / New Castile, Meta), chichimene (Acacias, Meta), Chichimene SW, Akacias (Acacias / Guamal, Meta) and Caño Limón (Arauca / Arauquita, Arauca).

So far this year, the average stands at 771,780 barrels per day, which means an increase of 3.44%. However, since 2015 the average has been falling continuously, from a peak of more than one million barrels per day.

(As of May, the equivalent of the tax average has stopped exporting).

The exploratory activity for the fifth month of the year, reported by the National Hydrocarbons Agency, was 4 new exploratory wells and 42 development wells.

For this month, two new discoveries were reported in wells of Canacol Energy. The first of them, saxophone-1 located within the VIM-5 E&P contract. According to the company, there they found 338 feet gross gas container and a 290 foot true vertical depth gross gas column.

(Fiducoomeva will carry out at least two bond issues).

Likewise, the ANH reported the finding of Carambol-1whose exploratory program was developed in 2022 and it was reported as a gas discovery by the company in that year.

So far in 2023, Canacol has also announced discoveries in 3 wells: Lulo-1, Dividivi-1 and Saxophone-1. In the case of the first one, it was drilled on April 17 and found 207 feet of true vertical depth of gas container net pay.

(Food waste generates losses of more than $1.6 trillion).

In addition, the company revealed that the drilling of Lulo-2 for “aggressively pursuee” the potential area that has been opened with the discovery in the first well and evaluate the scope of the discovery.

In the case of dividedthe well encountered gas within primary sandstone and limestone reservoirs.

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