In December 2022, the average daily operated production from fields in Argentina and Colombia combined decreased by 137 boepd when compared with the previous month. November and December production has seen a reduction in output explained by a combination of downhole lifting equipment failure and operational issues in Argentina, especially in the Santa Cruz operation. This was related to workers demand resulting in more than 20 days of union strike. Fortunately, union demand was solved, and field operation is slowly returning back to normal.
In Argentina, reduced production was recorded in the Santa Cruz fields due to gas compression units’ failures. Repairs took longer than expected due to the union strike situation. Output is now coming back to its pre-strike rate.
In Colombia, Puli C production decreased especially in the Mana Field due to paraffins and asphaltenes blocking surface production lines and downhole production equipment failures requiring a pulling rig. This pulling rig is expected to arrive at well site around second half February. In the Llanos area, Vikingo production flows remained stable following at its natural depletion rate. The exploration campaign in Altair and LLA-47 blocks remains on hold and pending approval from local authorities. Conversations with the ANH concerning the formal approval is still on hold waiting for the new authorities to take position.
