Oil production in Colombia last month reached 923,000b/d compared with 902,000b/d in April and 776,000b/d in the year-ago month, according to preliminary statistics from hydrocarbons regulator ANH.
Output has averaged 883,000b/d so far in 2011 versus 785,000b/d in 2010.
Natural gas production hit 1.01Bf3/d (28.4Mm3/d) in May versus 988Mf3/d in April and 1.11Bf3/d in May 2010.
Gas production this year has averaged 1Bf3/d compared with 1.09Bf3/d in 2010.
Mines and energy minister Carlos Rodado Noriega has set production targets of 920,000b/d for this year, 1.15Mb/d for 2014 and 1.5Mb/d for 2015.
Rodado Noriega is one of the confirmed speakers for the next Andean Energy Summit to be held in Bogota, July 13-14. At this conference he will expose about regional overview on his portfolio and production targets for the region.
Colombia Reports is media partner of the summit.