They are producing as much as they can : LUSENET : TB2K spinoff uncensored : One Thread

"It looks unlikely in any case that OPEC can release significantly more oil into world markets, since most member countries are already producing as much as they can."

-- Cave Man (, August 16, 2000


Heating oil inventories down 39% e?topicID=1084.topic

-- Heating oil inventories down 39% (, August 16, 2000.

"Venezuelan officials are adamant that the country retains an oil production capacity of 3.5 million bpd. But oil industry observers and private sector contractors say Venezuela has suffered a sharp reduction in production capacity. PDVSA produces from old oil fields which have decline rates of about 20%, senior energy policy officials admit. Private observers say drilling activity has been too limited to have maintained the level of capacity that is claimed by the government. PDVSA rigs are in poor condition, while private drilling companies watch the losses pile up as rigs sit stacked in lots."


-- Cave Man (, August 16, 2000.

Ok, Scotty.

-- Captain Kirk (St@rtrek.rules), August 16, 2000.

Colombia Oil Output Falls 14% in 1h00 - Colombia Business News Americas (

August 15, 2000

August 15, 2000

( - Colombia's oil output fell 14% to 710,328 barrels per day (bpd) in average during 1H00 from 829,602 bpd in 1H99, due to natural well decline levels, guerrilla attacks and technical problems, according to an Ecopetrol report.

Output from the BP operated Cusiana-Cupiagua oil fields fell 18.5% to 353,071 bpd in 1H00, down from 433,686 bpd in 1H99. Meanwhile, production at the Cano Limon oil field operated by Occidental Petroleum fell 20.7% to 105,918 bpd in the period.

The Cano Limon-Covenas pipeline that transports production from Cano Limon to Colombia's Caribbean coast has been bombed by guerrillas some 40 times this year.

Ecopetrol directly produced 121,173 bpd in 1H00, 12.9% higher than in 1H99, while fields operated by private companies in association with Ecopetrol produced 572,185 bpd, 18.8% less than in 1H99.

Some 17,000 bpd came from fields leased to private companies but not under association contract terms.

The country is currently working on a new oil exploration and incremental production licensing round known as Ronda 2000 to increase production and keep the country from becoming a net oil importer by 2005.The country has 2.3 billion barrels in proven reserves, but according to analysts, could harbor 37 billion. eng-bnasa_142348_35_9698171424679.html

-- Cave Man (, August 16, 2000.

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