2018.01.1616:10:00UTC+00COLOMBIA: Crude Oil Production Beats 2017 Target

The 2017 Colombian crude oil production reached 854,121 barrels per day (bpd) on average, remaining above the 840,000 thousand barrels per day target set by the medium-term fiscal plan, said the country's Ministry of Mines and Energy.

During December 2017, Colombia's oil output rose 2.3% over November and 3.9% over the same month in the previous year, reaching 870.328 bpd on average.

Meanwhile, the gas production in December was at 927.1 million cubic feet per day on average, down 3% over the previous month while increasing by 6% over December 2016. The Colombian gas production in 2017 reached a daily average of 908.7 million cubic feet.