Arrow plans to ramp up its Colombian crude production
Arrow targets Colombian expansion
Canadian indie has plans to quickly increase its production in the Latin American country, says CEO Marshall Abbott
Independent Arrow Exploration is planning a rapid ramp-up of its Colombian crude production, CEO Marshall Abbott tells Petroleum Economist. The TSX-listed firm has the goal of lifting production to 3,000bl/d within 15 months and 10,000bl/d in 3-4 years. “We do not think that is an unreasonable goal, given our assets”, Abbott says. In the three quarters ending 30 September 2021, production averaged 575bl/d, the largest portion of which still came from the company’s assets in Western Canada. But their expansion plans are focused on Colombia. Current production is over 1,200bl/d. Arrow already produces crude from the Rio Crave Este (RCE)-1 well in Colombia’s Tapir block, in the “middle of the b
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