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Financial News: COLOMBIA: Crude Oil Production Beats 2017 Target

COLOMBIA: Crude Oil Production Beats 2017 Target

01/16/2018 - 16:10:00 (RTTNews)

(RTTNews) - The 2017 Colombian crude oil production reached 854,121 barrels per day (bpd) on average, remaining above the 840,000 thousand barrels per day target set by the medium-term fiscal plan, said the country's Ministry of Mines and Energy.

During December 2017, Colombia's oil output rose 2.3% over November and 3.9% over the same month in the previous year, reaching 870.328 bpd on average.

Meanwhile, the gas production in December was at 927.1 million cubic feet per day on average, down 3% over the previous month while increasing by 6% over December 2016. The Colombian gas production in 2017 reached a daily average of 908.7 million cubic feet.

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