Petrobras claims that the Sirius gas field in Colombia could produce 13.3 million cubic metres of gas per day.

Petrobras' exploration general manager Rogerio Soares, who spoke at a conference for the industry on Thursday, said that Colombia's offshore Sirius well could produce 13.3 million cubic metres per day in 10 years.

Soares, speaking at the Colombian Petroleum Association (ACP)'s forum on oil and gas in Cartagena, said that the initial concept of Sirius envisioned the first offshore gas production in 2029- 2030. Four wells would be producing and a total of 13,3 million cubic metres per day was expected for a period of 10 years.

Sirius (formerly Uchuva), a joint venture between Brazil's Petrobras, and Colombia's Ecopetrol, the majority-owned state energy company, is currently developing more than 6 trillion cubic foot of gas, Soares stated.

Soares said that the total investment in the well is expected to be $5 billion. This will include exploration, estimated at $2 billion, and production development, estimated at $3 billion.

He added that "Sirius is the biggest discovery ever made off the coast of Colombia, and it has the potential to increase reserves in the entire country by twofold."

He added that a later phase, which could begin in 2031, could include the previously planned development, plus one or more wells. The gas flow from the first gas could be 15 million cubic metres per day.

(source: Reuters)