Lukoil likes Colombian oilfield

Russia’s Lukoil said Thursday that it has found an oilfield in Colombia that could contain as much as 100 million barrels of oil.

Oil is Colombia’s largest legal export. But reserves are on the decline, with daily production off about 40 percent from the 1999 record.

The country is desperately searching for new oil to avoid importing the fuel in the next few years.
Business Week