Abstract

BELTRAN RIVAS, Julian Daniel  and  VARGAS JIMENEZ, Carlos Alberto. Hydrocarbon Production Scenarios in Colombia. Review of Field Sizes, Hydrocarbon Reserves and Expectations of Conventional and Unconventional Resources. Earth Sci. Res. J. [online]. 2014, vol.18, n.1, pp.77-83. ISSN 1794-6190.  https://doi.org/10.15446/esrj.v18n1.47433.

The present research work examines three aspects of great importance for the future supply of oil and gas in Colombia. 1) The geographic and geological distribution of hydrocarbon resources for use in estimations of the contribution of different field sizes to the total supply of oil and gas in Colombia. 2) The current state of the hydrocarbon reserves in Colombia and factors that influence their increase or decrease; statistical tools are used to calculate the volume of hydrocarbons that may be found in the future. 3) The observed decline of hydrocarbon production in Colombia, which is used to estimate the amount of resources that may be extracted in the future once peak production has been reached. Based on these three aspects, we constructed different scenarios to forecast the potential production of oil and gas in Colombia. In addition, we calculated the amount of hydrocarbon reserves in these scenarios.

Keywords : ultimately recoverable resources; oil production; gas production; production peak; oil reserves; gas reserves; decline rates.

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