Colombia aims to increase natural gas production and there are many plans to achieve it in the short and medium term. Four companies have gas projects to develop in the Lower Magdalena Valley (VIM) during the next nine months.
After two years of adjustments to face the fall in oil prices, Ecopetrol (NYSE:EC) is ready to invest CoP$50T during the next 5 years.
Cities in the Colombian coast invited companies to their territories to set up their facilities to carry out offshore projects, and it seems that Barranquilla is wining this competition.
Ecopetrol (NYSE: EC) plans to recover the lost ground during the oil crisis. The company has big plans and investments to achieve it in the medium term.
The coal-mining company Drummond announced that it is ready to explore unconventional natural gas in the departments of La Guajira and Cesar. The has firm signed four contracts with the National Hydrocarbons Agency (ANH).
Ecopetrol (NYSE: EC) has big plans for the Gulf of Mexico; the Company participated in Round 2.1 and won two blocks. The company has high expectations for the results of its projects in Mexico.
Colombia wants to leverage the navigability of the Magadalena River but authorities expect large investments will be needed to achieve it. Ecopetrol (NYSE: EC) and Cormagdalena announced an agreement to invest in this important river.
The Colombian Petroleum Institute (ICP) is the main research center of the industry in the country. ICP announced investments to support Ecopetrol’s 2017-2020 business plan (NYSE: EC).
Ecopetrol (NYSE: EC) wants to start recovering the reserves lost because of the oil crisis and low exploration in recent years. The company has high expectations for two wells.
Ecopetrol (NYSE: EC) aims to expand its international presence. The firm is looking at several different countries to increase its operations.
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