The Caño Limon Field, discovered in 1983, is the giant oil field that made Colombia self-sufficient in oil. The field contains over a billion barrels of recoverable oil, and as of publication date, has produced over fifty percent of its reserves. The current production rate is 215,000 BOPD. Sound reservoir and production management has resulted in an expected ultimate oil recovery of about 58 percent of the Oil-in-Place. The field has a current watercut of 80 %, th…
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