GREY:PMGLF - Post by User
Post by
oilwatcher13on Dec 18, 2012 9:43am
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Post# 20744565
PRE Results
PRE Results Nothing watered down about Rubiales’ results
Hydrocarbons Colombia on Monday, December 17, 2012
Production
Pacific Rubiales published an operational report full of interesting information but the real jaw-dropper was the growth in the venerable Rubiales field since receiving National Environmental Licensing Agency (ANLA) permission on August 8th to increase water injection. The field had produced (gross before royalties and working interest) 169mbd in July and that was the third month in a row that production had dropped. Production was only slightly better in August at 170mbd. But since then Rubiales’ field production has grown at 4% per month and the company says it is currently “in excess of 200 mbd” – 30mbpd higher than in July.