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Colombian output hits three-year high
State oil firm Ecopetrol reported that the country’s production averaged 538,709 bopd in May, the highest level in nearly three years. Ecopetrol directly produced 156,963 bopd, while the remainder came from associations with private operators. May output was up 1.5% from a year earlier, and appeared to be the highest since 546,105 bopd in August 2003. Colombia’s record output was 846,484 bopd in January 1999.
Lukoil begins Uzbek work
Russia’s Lukoil has work underway on the 35-year Kandym-Khauzak-Shady-Kungrad PSA project in southwestern Uzbekistan. Present efforts cover development of Dengizkul gas field, along with seismic work. The PSA was signed in June 2004, and Lukoil has already completed a 3D seismic survey on the Khauzak block. The firm will drill at least 180 development wells, construct 1,500-plus km of pipelines, and build two compressor stations, along with power lines, a 40-km railway and various roads. Chinese contractor TUHA will handle the drilling chores.
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Houston, TX - November 4-5
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