Heavy oil is driving the growth of oil production in Colombia

Wednesday, Nov 28, 2012

Research and Markets (http://www.researchandmarkets.com/research/9tw6jj/heavy_oil_is) has announced the addition of GlobalData's new report "Heavy Oil is Driving the Growth of Oil Production in Colombia" to their offering.

“Heavy Oil is Driving the Growth of Oil Production in Colombia”

Increasing exploration and production is driving the emergence of the heavy oil industry in Colombia. In the past 10 years, heavy oil production from the country has increased from almost nil to 127.8 million barrels of oil equivalent (MMboe). The main reason for the growth in heavy oil production in the country is the start of production from new fields in the country's heavy oil-rich Llanos basin. Additionally, increased exploration in several heavy oil-rich blocks in the Llanos basin could further increase production in the future.

Scope

- The report explains why heavy oil is driving the growth of oil production in Colombia.

- The report also covers how increasing exploration in several blocks of the Llanos basin would drive the production of heavy oil in future.

- Geographic Scope- Colombia.

Source: Business Wire

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