TORONTO, July 12 (Reuters) - Pacific Rubiales Energy Corp PRE.TO said on Tuesday Colombia has granted it the requisite environmental permits to continue drilling at its Quifa North and Quifa Southwest oil fields.
The permits, granted by the Colombian Environment Ministry, will allow Pacific Rubiales to continue a development drilling campaign at Quifa Southwest and proceed with its exploration drilling campaign in Quifa North, the company said.
With this drilling campaign, the company said it expects to reach gross production of 60,000 barrels per day from Quifa Southwest and Quifa North, by the end of 2011.
Pacific Rubiales said the ministry is currently conducting a routine administrative investigation concerning the block.
“In response to recent media reports in Colombia, the company wishes to make clear that the current administrative investigations will not produce material consequences to the company’s current operations in the block,” Pacific Rubiales said in a statement.
Toronto-based Pacific Rubiales is a producer of natural gas and heavy crude oil. It owns 100 percent of Meta Petroleum, a Colombian oil operator, which operates the Rubiales and Piriri oil fields in the Llanos Basin in association with Colombia’s national oil company Ecopetrol SA. (Reporting by Euan Rocha, editing by Gerald E. McCormick)