PETROLEUM I
Sector: Manufacturing (Industrial) • Location: Colombia
Source: World Bank Group
The project will consist of: (i) a secondary oil recovery program in the middle Magdalena Valley (Casabe field) which will enable recovery of about 70 million barrels of oil, reaching a peak production of 20,000 barrels per day in 1988. It will also include; (ii) field development under association contracts between ECOPETROL and private oil companies, with a peak production of 16,500 barrels per
- Status
- Closed
- Sector
- Manufacturing (Industrial), Oil and Gas, Government
- Location
- Colombia
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | closed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The project will consist of: (i) a secondary oil recovery program in the middle Magdalena Valley (Casabe field) which will enable recovery of about 70 million barrels of oil, reaching a peak production of 20,000 barrels per day in 1988. It will also include; (ii) field development under association contracts between ECOPETROL and private oil companies, with a peak production of 16,500 barrels per day in 1988. ECOPETROL will also participate in this development, paying 50% of the cost of development. The project will further provide; (iii) a 290 km pipeline to move Occidental Association crude from Cano Limon in the LLanos across the Andes mountains to Rio Zulia where it will enter existing westward-bound pipelines. Finally, the project will provide funds for; (iv) technical assistance and studies. |
Original sector | (Historic)Oil & Gas |
Location
Country | Colombia |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial), Oil and Gas, Government |
Article published date | 2025-12-17 |
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