The start-up of operations at the Rubiales CPF2 facility is expected to result in an increase in crude production of 70,000 barrels, reaching a production of 170,000 barrels per day by the end of the year, while the opening of the new CPF plant at Quifa will allow for the processing of 30,000 barrels per day.
The Rubiales field is located in the eastern part of Meta province in the municipality of Puerto Gaitan.
Through the field’s partnership contract, Ecopetrol‘s stake is 57%, with Meta Petroleum holding the other 43%, after royalties.
Ecopetrol said that the Rubiales field has 105 active production wells, and the goal by year end is to drill some 158 wells, which will help boost heavy crude production levels.
The Quifa field is also located in the municipality of Puerto Gaitan, next to the Rubiales field.
Through the field’s partnership contract, Ecopetrol’s stake is 40% of the field’s production, with Meta Petroleum, the operator, holding the other 60% after royalties.
The increased crude production by Rubiales and Quifa will be transported through the Los Llanos oil pipeline (ODL), which went into operation last year and will raise its capacity from 160,000 barrels a day to 340,000 barrels a day by May 2011.
