Chevron Nears Completion of 3rd Well Offshore Colombia

Chuchupa - Balena Fields
(Click to Enlarge)
US oil major Chevron (NYSE: CVX) is nearing the completion of drilling on its third well in the Chucupa and Ballena fields offshore Colombia's Guajira department, local press reported.

As a result the company will be able to increase production on the fields to 600 million cubic feet a day (Mf3/d) from its current 420Mf3/d level, newspaper La Republica quoted Chevron Colombia president David Bantz as saying.

Chevron also plans to invest some US$110mn to increase gas production in the country and US$150mn to expand gas export operations, the reports said.

Neighboring Venezuela requires 150Mf3/d to meet the demand of power plants that currently use diesel.

Construction of a natural gas pipeline connecting Colombia and Venezuela is due to begin early next month through which Colombia will provide gas for 5-7 years until the flow is reversed.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Well Monitoring Specialist
Expertise: WellSite Supervisor
Location: Houston, TX
Chief Mechanic (6th Gen Drillship)(Contract)
Expertise: Rig Mechanic
Location: Houma, LA
ET (Deepwater Drillship)
Expertise: Rig Electrician
Location: Houma, LA
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours