Report summaryThe Rubiales heavy oil field is located in the Llanos basin and is one of the largest producing fields in Colombia. In the past, its commerciality was questionable, particularly given the low value of its heavy crude. With a more robust oil price and the application of newer technology, Pacific E&P was able to grow production from 1,000 b/d in 2002 to over 200,000 b/d in 2013. The company employed an aggressive development programme centered around an intensive drilling campaign and a ...
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