Here is the third installment of Norton Rose Fulbright’s analysis of the ANH’s draft accord. We believe this could transform the regulatory framework for the industry significantly.
The National Hydrocarbons Agency (ANH) has not published detailed 2Q16 results for gas so we are unable to do a similar analysis to that we did last week for crude oil. But we can look at trends and the principal one is shown in the graph.
Caquetá congressional representative Harry González said that public order problems which have arisen following the start of hydrocarbons exploration activities show that a departmental popular referendum is necessary to see if the residents want to accept the activity.
Our previous report on Enercol 2016 was mainly about crude but in this part, we will focus on gas.
As President Juan Manuel Santos addressed the UN general assembly saying “there is one less war on this planet”, a recent survey found that the “yes” votes are leading, but there is still plenty of skepticism on the process.
Another reader question inspired an interesting graph to share. Here is the distribution of crude oil production by field from 2Q16.
The Cartagena Refinery (Reficar) expansion is not enough, warns the Colombian Petroleum Association (ACP), and if refining capacity is not expanded, by 2040 Colombia could be importing half of its fuel and gasoline.
The legal limit for the government to present its biannual royalty budget for 2017 and 2018 is approaching fast and due on October 3rd, the day following the plebiscite on the peace agreements. This and other royalty related stories in our periodic summary.
HCC attended the XXXIII Colombian Energy Conference (Enercol), organized by the Colombian Engineers’ Association (ACIEM), Cundinamarca chapter, at Club El Nogal in Bogotá.
Ecopetrol’s (NYSE:EC) board of directors have added three new members which have been designated to replace Roberto Steiner, Jorge Pinzón and Gustavo Carvajal.
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