BOGOTA -- The Ministry of Mines and Energy reports that oil production for the month of May 2018 continued the upward trend the country has been experiencing since March 2017.
Crude oil production for May was 865,987 barrels a day, which represents an increase of 1.6% compared to May 2017 production and a 0.1% rise compared to April 2018. Oil production for April 2018 averaged 864,781 barrels
The increase is mainly due to the stabilization of production and the reactivation of the Sabanero, Durillo and Primavera fields.
For the year, production of crude oil has averaged 854,190 barrels a day, surpassing the goal of the government's Medium Term Fiscal Framework which had a 840,000 barrels per day minimum.
Regarding gas, the production of May 2018 exceeded 1,000 million cubic feet per day (MPCD), a level not achieved since April 2016, reaching 1,005 MPCD and registering an annual growth of 11% and a monthly increase of 7%. In April 2018, production was 938.771 million cubic feet per day.