December 25, 2014 12:27 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Petrominerales Ltd

Company Overview

Petrominerales Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil in Colombia, Peru, and Brazil. It has exploration blocks covering approximately 1.6 million acres in Colombia, 8.2 million gross acres in Peru, and approximately 40,000 gross acres in Brazil. The company has proved plus probable reserves of approximately 40 million barrels of oil. Petrominerales Ltd. was founded in 1996 and is headquartered in Calgary, Canada. As of November 28, 2013, Petrominerales Ltd operates as a subsidiary of Pacific Rubiales Energy Corp.

333-7th Avenue SW

Suite 1000

Calgary, AB T2P 2Z1

Canada

Founded in 1996

410 Employees

Phone:

403-705-8850

Fax:

403-705-0234

Key Executives for Petrominerales Ltd

Chief Executive Officer and President
Chief Financial Officer
Chief Operating Officer
Chief Executive Officer of Petrodorado Energy Ltd and President of Petrodorado Energy Ltd
Age: 50
Senior Vice President of Exploration
Compensation as of Fiscal Year 2014.

Petrominerales Ltd Key Developments

Ecopetrol and Petrominerales Launch Colombian Water Injection Plant

Ecopetrol SA launched a water injection plant in southwest Huila department, in partnership with Pacific Rubiales unit Petrominerales. The $12.8 million plant is located on the Dina Terciarios field in the Upper Magdalena basin and has a 20,000b/d nominal water injection capacity. Water injection will help maintain Dina Terciarios' well pressure and recovery rates. The plant will also provide a way to handle produced well water, eliminating the need for aboveground storage facilities.

Petrominerales Ltd(TSX:PMG) dropped from S&P/TSX Capped Composite Index

Petrominerales Ltd(TSX:PMG) dropped from S&P/TSX Capped Composite Index

Petrominerales Ltd(TSX:PMG) dropped from S&P/TSX Capped Energy Index

Petrominerales Ltd(TSX:PMG) dropped from S&P/TSX Capped Energy Index

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