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Tuesday, 02 December, 2008, 00:10 GMT | more >>

Pacific Rubiales boosts Piriri reserves



By Upstream staff 

Canadian Latin America player Pacific Rubiales has boosted reserves estimates for its Rubiales-Piriri field in Colombia’s Llanos field.

Pacific Rubiales said a new report by consultancy Petrotech Engineering estimated proved plus probably reserves at the field at 270.7 million barrels of oil, up 47.5% from its previous estimate in May 2007.

Pacific Rubiales chief executive Ronald Pantin said: “his is the result of a very successful appraisal and exploration drilling campaign that the company has undertaken and reinforces our belief in the value of these fields.”


Tuesday, 04 March, 2008, 08:21 GMT  | last updated: Tuesday, 04 March, 2008, 08:21 GMT

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