Arrow targets Colombian expansion
Canadian indie has plans to quickly increase its production in the Latin American country, says CEO Marshall Abbott
Independent Arrow Exploration is planning a rapid ramp-up of its Colombian crude production, CEO Marshall Abbott tells Petroleum Economist. The TSX-listed firm has the goal of lifting production to 3,000bl/d within 15 months and 10,000bl/d in 3-4 years. “We do not think that is an unreasonable goal, given our assets”, Abbott says. In the three quarters ending 30 September 2021, production averaged 575bl/d, the largest portion of which still came from the company’s assets in Western Canada. But their expansion plans are focused on Colombia. Current production is over 1,200bl/d. Arrow already produces crude from the Rio Crave Este (RCE)-1 well in Colombia’s Tapir block, in the “middle of the b
Also in this section
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region
14 May 2024
The former CEO of Pioneer, Scott Sheffield, has opened a can of worms through his association with OPEC+ and its market management strategy
13 May 2024
OPEC+ has huge amounts of spare capacity amid a tightening market, but nothing can be taken for granted given unclear economic trajectories and geopolitical unrest
13 May 2024
But optimism about island nation checked by competition around African upstream investment and history of false dawns