December 6, 2011 / 2:54 PM / in 6 years

UPDATE 1-Petrominerales November production down 5 pct

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Dec 6 (Reuters) - Petrominerales Ltd said its November oil production fell 5 percent from October, as the oil and gas producer shut down some of its wells temporarily, sending its shares down almost 7 percent in early trade.

The Latin America-focused company’s November production averaged 34,193 barrels of oil per day (bopd).

The company temporarily closed some of its wells, resulting in a loss of 3,200 bopd.

In Sept, some potential wells of Petrominerales in Llanos Basin, Colombia, had tested below commercial levels.

The company, which has 15 exploration blocks in Colombia’s Llanos and Putumayo basins and five in Peru, expects production to be brought back by the first-quarter of 2012.

Petrominerales shares were trading down C$1.41 at C$19.00 on Tuesday morning on the Toronto Stock Exchange. (Reporting by Arnav Das Sharma in Bangalore; Editing by Joyjeet Das)

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