Colombia Aims to Boost Oil Production to 1 Million Bpd ...Middle East

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Colombia Aims to Boost Oil Production to 1 Million Bpd
source : OILPRICE ( Middle East ) () 103
Despite a bold climate stance, Colombia is looking to increase its oil production to 1 million barrels per day by encouraging drillers to ramp up activity in underutilized exploration blocks, according to the country's energy ministry. Energy Minister Andrés Camacho emphasized the government's strategy to revitalize "lazy contracts"—agreements signed 10 to 15 years ago that have so far seen minimal exploration efforts. Camacho believes this approach can elevate production to approximately 800,000 bpd by year-end, a rise from the Q1…

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