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Colombia-focused oil firm Pacific Rubiales' certified total prospective resources increased 45% compared to 2012, according to results of an updated independent resource evaluation of the company's exploration blocks.
Petrotech prepared the 2014 resource evaluation, which also shows a 62% increase in certified contingent resources, Pacific Rubiales said in a release. A total of 36 out of the company's 60 exploration blocks in Colombia, Peru, Brazil, Guatemala, Papua New Guinea and Guyana were evaluated.
The evaluation found 6.24Bboe of prospective resources contained in 166 opportunities, including 1.39Bboe (22%) in prospects and 4.85Bboe in leads (78%), up 45% from the evaluation carried out in 2012.
The prospective resources include 5.81Bb of oil and natural gas liquids (93%) and 435Mboe of natural gas.
Some 40% of total prospective resources opportunities are in Peru, 25% in Colombia, 21% in Guyana, 12% in Brazil, 1% in Papua New Guinea and 1% in Guatemala.
The best case estimate of total gross contingent resources is 272Mboe, up 62% from 168Mboe in 2012, mainly a result of acquisitions and prospective resources advancement through exploration drilling.