Pacific Rubiales Boosts Colombia Capex

Pacific Rubiales Boosts Colombia Capex

Colombia

Canada-based oil and gas company Pacific Rubiales, which operates in Colombia, has increased its 2010 capex budget by $394m to $853m after successfully ramping up production at the Rubiales and Piriri fields, exploration success at the Quifa block and the opening of the ODL pipeline. The new budget is $471m higher than that of 2009, the company says. The higher capex, the company adds, will allow it to double production, after royalties, to 92,000 barrels of oil equivalent per day (boepd) by the

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