The National Environmental Licensing Agency (ANLA), Non-Governmental Organizations (NGOs) from the environmental sector and the Regional Autonomous Corporations (CAR), announced advances in the identification of compensation areas.
The NOC reported better production and local hiring metrics in the departments of Casanare and Meta. Here are the details.
The National Hydrocarbons Agency (ANH) held a press conference to talk about the Permanent Competitive Process (PPAA). Nicolás Mejía, Vice President for Promotion and Assignment of Areas of the National Hydrocarbons Agency (ANH) and Luis Miguel Morelli, President of the ANH, were at the event. We bring a brief summary of the meeting.
The Colombian oil sector has had a 2019 with much positive news in terms of exploration. Some offshore blocks are going to change their contract type, and Occidental Petroleum Company (NYSE: OXY) is thought to have big plans for this segment.
Barrancabermeja’s Mayoralty and Ecopetrol’s (NYSE:EC) management confirmed that the NOC’s plan to bring gas to the municipality’s rural areas is on its way. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Tuesday, June 4, 2019 marks the first block assignment process since July 2014, nearly five years ago. Much has happened and oil prices – a primary determinant of investment and so participation – are still well below where they were during the last auction. Here is the announced list of qualified participants.
Ecopetrol announced its financial and operational results during the first quarter of 2019, with positive results. The company is the main player in the Colombian oil sector, but how much does its direct production represent in the total extraction of the country?
CEO Felipe Bayón confirmed that the NOC started the first phase of its fracking pilot project, and is ready to start phase two.
Colombia continues to discuss the possible implementation of unconventional techniques, while the current oil and gas reserves levels generate concerns in the hydrocarbon sector. Alberto Leal Niño, Chairman of the Board of Directors of the Colombian Association of Petroleum Engineers (ACIPET), spoke on this subject and international experiences in countries such as Poland.