We arrived in Colombia in 1983 to develop our exploration and production activities throughout the country. Colombia represents a strategic country for the company and is one of our key development areas.
In March 2019, we reached a total production record of 20 kbbl/d in the Akacias project. The ultimate goal is to reach a total production of 50 kbbl/d over the medium term.
Additionally, we have signed two contracts with the Colombian National Hydrocarbons Agency (ANH) to carry out exploration and production operations in the offshore blocks GUA OFF-1 and COL-4, located off the Colombian coast. Repsol will be the operator of both.
In 2018, in cooperation with Ecopetrol, we began the development phase of the Akacías production field located in the Acacías and Guamal municipalities, part of Block CPO-9. This field currently has nine active wells, with average daily production standing at 6,300 barrels..
Following the tests carried out on the exploratory well Lorito-1 in block CPO-9 (Ecopetrol: 55% WI and operator; Repsol: 45%), it was confirmed as a commercial discovery. In the same block, an announcement was made regarding the approval to start Phase 1 of the Akacias project Development Plan, which includes the drilling of 19 producing wells. In March 2019, record production levels of 20,000 boe/d were reached (including existing wells).
In addition another three discoveries have been made in the Cosecha block with the Cosecha-V-01, REX-NE-01, and Cosecha-C-01 wells.
We offer a wide range of synthetic, semi-synthetic, and mineral-based lubricants that meet the needs of all our customers. These products are specifically designed for each vehicle type, ranging from motorcycles, cars, and trucks, to public works machinery, or 2-stroke and 4-stroke boat engines. Every Repsol product is JASO and API certified, guaranteeing maximum quality and protection for engine components while boosting clutch and gear performance.
Repsol lubricants have been marketed by Motorzone in Colombia since 2010.
At Repsol, we are firmly committed to the communities that live near the areas where we operate. We work together with these communities to find ways to contribute to improving their quality of life, and we were in fact the first oil company to sign an agreement with the United Nations in Colombia.