Ecopetrol’s (NYSE:EC) 2016 competitive round will sell off around 20 smaller fields to outsider bidders, and a report from Huila unveils some of the local concerns that this plan is causing.
Equion President María Victoria Riaño believes that the firm has a better outlook as oil prices improve, but is concerned that the recent Constitutional Court decision on popular referendums and the subsoil could cause legal holes and put oil activity at risk.
Pacific E&P is advancing towards the close of its restructuring, and still holds a selection of E&P assets in Colombia, where its central focus will likely remain once the process is complete.
Celebrating 10 years in Colombia for the firm, Mansarovar Energy CEO Harvinderjit Singh said the company is here to stay, interested in competing for new areas and focusing its efforts on a streamlined and efficient operation.
In an article last week on the new Ecopetrol (NYSE:EC) strategic plan for 2020, we remarked on the NOC’s pessimism. The same picture appears when looking at reserves.
Ecopetrol (NYSE:EC) president Juan Carlos Echeverry is optimistic both on the future of the peace agreements and the Colombian economy. And he believes that reality will be kind to the NOC when it comes to growing its reserves.
As part of its restart of drilling in the Rubiales field Ecopetrol (NYSE:EC) is employing four cutting edge rigs to help streamline the operation and save both time and money.
Six areas in the “Orinoco belt” — which occupies the foothills of the Llanos on the borders of Meta and Guaviare — look to extract up to 10M barrels over the next 10 years.
Ecopetrol (NYSE:EC) has launched its new business plan through 2020, with a renewed focus on exploration and production and an estimated US$13B investment plan.
Ecopetrol (NYSE:EC) will start its Rubiales field drilling campaign this month with 72 wells planned for the country’s largest producing and recently reverted field.