The Colombian state-controlled oil company Ecopetrol SA will boost production to 531,000 barrels of oil equivalent a day in
2009, the company’s chief executive, Javier Gutierrez, said Thursday.
The company produced an average 447,000 barrels of oil equivalent a day in 2008.
Gutierrez said the company will manage to boost production thanks to
the increase in its existing fields and the acquisition of producing
operations in Colombia and Peru in the past months.