The government of the Meta department was convinced it was necessary to create a refineryh, which would improve the lives of the inhabitants by adding value to the production process of extracting oil in Meta. The Meta is a part of South America's Orinoco Belt, which overlies one of the world's largest deposits of petroleum.

in figures

OwnerMeta department government

Projected cost$1.5 billion

Start dateFirst quarter 2015

Estimated completion dateEnd-2015

Initial capacity40,000 bpd

Began six-week workover of Loto-1 well in May 2014
Will shoot 400 square kilometres of 3D-seismic in CPO-5 block
Drilled 1,860-metre-deep Verdal-2X exploration well in Talora block
Has capital-spending programme of $15.8 millions for 2014

Meta Refinery

Colombia

November 17, 2014

The refinery in Meta department planned by thye company Petroleos del Llano, also known as Llaneopetrol, will be capable of processing 260,000 barrels of heavy crude per day by 2025,j potentially reducing Colombia's petrol and diesel imports.

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