Ecopetrol to resume drilling activities at Rubiales field

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Colombia’s state-run oil company Ecopetrol will resume drilling activities at the Rubiales field in the upcoming months, which it took over on July 01st.

Ecopetrol executive Nelson Alberto Castañeda said the company will restart the activity in the following six months and implement the avant-garde technology equipment that will contribute to improving efficiency and profitability of drilling activities.

Thus, the company “expects to contribute to the dynamization of the economy of Puerto Gaitán,” Castañeda added.

On July 01st, Ecopetrol took full control of the Rubiales field, replacing Meta Petroleum and deciding to operate the reservoir, one of the largest in Colombia, by its own. Now, the company seeks to increase its productivity.

Ecopetrol hopes to generate more than 190,000 jobs with the development of these activities and the reactivation of other related industries, such as the oilfield services industry, which will benefit from the new strategy of the oil company at Rubiales.

According to Ecopetrol’s financial statements, the contracting companies have created 1,311 jobs in the zone up to date, 44 percent of which has been local Jobs.

As of October, the Ecopetrol will start the drilling of more than 70 wells at Rubiales. In doing so, the oil company expects the minimum output to surpass the 125,000 barrels per day.

The improvement of productivity is one of the challenges faced by Ecopetrol at Rubiales, as the output of this oilfield has decreased in recent years. In fact, in 2015, the Castilla field overtook Rubiales field as the most productive in Colombia.

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