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    Colombia's Sirius gas wells could yield 13.3 million cubic meters a day, Petrobras says

Summary

Development plan calls for four wells in first phase, starting in 2029-2030.

by: Reuters

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Colombia's Sirius gas wells could yield 13.3 million cubic meters a day, Petrobras says

 - Colombia's offshore Sirius gas wells could see production of 13.3 million cubic meters per day over 10 years, Petrobras' general manager for exploration Rogerio Soares said during a presentation at an industry conference on Thursday. 

"The initial conception of Sirius...foresees the first offshore gas in 2029 to 2030 with four producing wells and an expected production of 13.3 million cubic meters per day for 10 years," Soares said at the Colombian Petroleum Association's (ACP) forum on oil, gas and energy in Cartagena.

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Sirius, formerly known as Uchuva and being developed by Brazil's Petrobras and Colombia's majority state-owned energy company Ecopetrol, has more than 6 trillion cubic feet of gas in place, Soares said.

Total investment in the well will be around $5 billion, Soares added, which he said was split between exploration - forecast at around $2 billion - and production development, which is around $3 billion. 

"Sirius alone represents the largest discovery made offshore Colombia and has the potential to double reserves throughout the country," he added.

A later phase which could start in 2031 includes the previously planned development plus one or two other wells, and could see gas flow of 15 million cubic meters per day from first gas, he added.

(Reporting by Oliver Griffin; Editing by Daniel Wallis, Kirsten Donovan)