Foreign Production - Oil Fields of Colombia in 1927 (with Discussion)

The entire production of Colombia for 1927 was that from the Tropical Oil Co. concession. Production was approximately 14,000,000 bbl., of which 12,081,000 bbl. were exported from the Mamonal terminal of the Andian National Corp. near Cartagena. The balance represents that refined and used or marketed within Colombia. As production in 1926 was only 6,443,540 bbl., the increase has been more than 100 per cent. This is partly due to the looping of the pipe line from the concession to the coast, and the resultant increase in capacity to 50,000 bbl. per day, and also to increased domestic sales. The refinery at Barranca has been doubled in capacity, and it is understood is now handling 5000 bbl. of crude daily. This gives the producing field a potential outlet of 55,000 bbl. daily. The Tropical Oil Co. completed 82 wells in 1927, with one abandoned for drilling difficulties. The average daily initial production was 1136 bbl. per well. The largest well is reported to be No. 173 La Cira, rated as 5000 bbl. initial. Most of the wells were drilled on the Infantas and La Cira structures, the latter located en echelon to the northwest of the main Infantas anticline, and separated from it only by a low saddle. Drilling operations on the Llanos fold, also en echelon with Infantas but to the southeast, and at San Luis, bearing about the same relationship to the Umir Hills uplift, are still more or less in the exploratory stage. The four structures mentioned cover approximately 15,000 acres, on which there are at present 223 producing wells. Drilling has been better than 92 per cent. successful since starting operations on this concession. Allowing 15 acres per well, which is 50 per cent. more than good practice in the Mid-Continent fields, there is thus room for 1000 wclls, which at the recent rate is a 10-year drilling campaign. This does not take into consideration the known deeper oil zones, which have not been prospected, but which are uniformly petroliferous at their outcrops to the eastward. It is estimated that with the enlarged pipe line capacity, as well as increased domestic consumption, the production for this country will be about 20,000,000 bbl. for the current year of 1928. It is possible that