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.
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.
The oil sector continues to announce agreements to encourage the exploration and production of oil and gas in the country, with the Colombian authorities’ support. The National Hydrocarbons Agency (ANH) announced a new agreement between Parex (TSX: PXT) and Ecopetrol (NYSE: EC).
One of the biggest changes by this new government has been finally launching the new Permanent Bidding Process. Originally announced in September 2015, it would be an understatement to say this has had a long gestation period. But it has finally arrived. We asked Marianna Boza and the team at Brigard Urrutia to give our readers an overview.
The National Hydrocarbons Agency (ANH) announced the official launch of its Permanent Competitive Process. Here is what the industry has to say about it.
The National Hydrocarbons Agency (ANH) hosted an event to announce the official launch of its Permanent Competitive Process. HCC was there.
The National Hydrocarbons Agency (ANH) announced measures on the Permanent Competitive Process (PPAA), which has generated expectations among the companies of the oil sector.
The Colombian government wants to reactivate hydrocarbons exploration and production as soon as possible. Luis Miguel Morelli, President of the National Hydrocarbons Agency (ANH), spoke about the offshore blocks, new regulation and other key issues for the industry.
Colombia has not had oil rounds for several years, which has affected the sector’s outlook for the medium and long term. However, the National Hydrocarbons Agency (ANH) plans to offer new areas in the coming weeks.
A few weeks ago, the National Hydrocarbons Agency (“ANH”) published its new model contract for offshore exploration and production activities. Although some parameters are specific to offshore, others reflect how the Agency’s thinking has evolved since 2014, the last time it held a block auction to award offshore areas. Norton Rose Fulbright Colombia’s oil & gas team volunteered to write this summary.
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