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Colombia's state oil firm to invest up to $48bn to expand production of oil and gas: CEO

The Straits Times LogoThe Straits Times1 mo ago

Colombia's state oil firm to invest up to $48bn to expand production of oil and gas: CEO - The Straits Times

Quick Summary:

September 29, 2022 3:08 PM - SINGAPORE - Colombia's state energy company will invest around US$48 billion over the next eight years to expand oil and gas production, noted chief executive Felipe Bayon.

"Things are looking good at the moment, and we've been able to actively deploy capital to support our production, and while we suffered during Covid we are confident that we can hit 730,000 (boe/d) sometime around the middle of this decade," he added.

Chief executive Felipe Bayon said that the firm was producing around 700,000 or so barrels of oil equivalent a day.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 15:08:10 (1 months ago)

News Timezone: GMT +8:00

Ranking: #1067 (out of 3416 stories this day)

News Source URL: straitstimes.com

Language: English

Article Length: 729 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 615717

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About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 20 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 days ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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  • URL: https://beamstart.com/news/colombias-state-oil-firm-to-16644387736688

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