10% increase in Colombia's petroleum reserves in 2011

Note: This section contains information in English only.
Source: Marketwatch
Even though petroleum reserves in Colombia have risen by 10 per cent in the previous year, comparing with the year 2010 data, government of the country is still forcing companies to run researches in order to explore future opportunities. According to information from Colombia's government official petroleum agency -  ANH - the previous year reserves have reached a number of 2.259 billion barrels, compared to the year 2010 data, which is equal to 2.058 billion barrels. Colombia takes the fourth place among Latin America's oil producing countries and is capable of reaching a record number of 1 million barrels of petroleum output in a day period, conferring to an average number of 936,000 barrels that comes from the last year's data.
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