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Due to the reduction in exploration activities in recent years (only until 2019, contracts were re-signed after four years), the country’s oil and gas reserves had a regular performance in 2019, sAccording to data from the National Hydrocarbons Agency (ANH), which was released this Thursday by the Ministry of Mines and Energy.
According to ANH statistics, the country lost 1.8 years in gas self-sufficiency, going from 9.8 to 8 years, after, at the rate of consumption in 2019 and without new additions, the reserves of this resource they went from 3.8 to 3.1 cubic terapiés.
Last year’s result not only implied the lowest level of the last 14 years, but the fall registered in 2019, which was 18 percent, was also the highest since 2006, beating the percentage change that occurred in 2014, which was 14 percent.
As for crude oil reserves, its level reached 2,036 million barrels in 2019, 4 percent more than the 1,958 million barrels registered in 2018, and for each barrel produced 1.24 barrels were added. With this, self-sufficiency in oil rose slightly to 6.3 years in 2019, inIndicator that was calculated based on an average Brent oil of $ 63 per barrel, lower than the $ 71 with which reserves were calculated in 2018.
In addition, according to the ANH, although crude oil reserves reached the highest level since 2015, it should be noted that compared to last year they rose only by 78 million barrels, a figure in which the contribution of the new findings was minimal.
Of the 412 million barrels that entered, 235 million were for technical reviews, 6 million for new additions and 121 million barrels for improved oil recovery activities.
Those 412 million barrels are subtracted 334 million from consumption and reductions due to economic factors, and results in an increase of 78 million barrels in the final balance.
ECONOMY AND BUSINESS – THE TIME
