With less than two months left in this government, the most important measure from the package announced in September 2015 is not going to happen. The bureaucrats have effectively killed the idea of permanent block assignments by avoiding doing anything before time expired.
The National Hydrocarbons Agency (ANH) plans to carry out a new oil auction scheme to increase exploration and production in the country. This has generated expectation in investors, since it opens the possibility of exploring new areas in the country with great potential.
The Sinu San Jacinto bid round was announced with great fanfare on September 12th, 2017. The auction was supposed to have completed before the end of that year. Now, quietly, the date keeps slipping.
The construction of new regasification plants has been a subject of much interest and controversy in the country. Companies have shown their interest in these projects. Jaime Orjuela, President in charge of TGI, spoke on this subject and the company’s plans.
The 14-week schedule that was initially established by the National Hydrocarbons Agency (ANH) for the Sinú- San Jacinto tenders was extended to 24 weeks.
Representatives of oil companies and industry associations among others expressed concerns about the requirements to take part in the next auction organized by the National Hydrocarbons Agency (ANH).
At an event hosted by consulting firm Willis Towers Watson, attorney Carlos Mantilla McCormick, expert on the Colombian energy sector, presented his vision on the Agreement 2.
Claudia González, director of the National Environmental Licensing Authority (ANLA) spoke about fracking and delays in decisions for the industry.
Between the end of July and the beginning of August of this year, the National Hydrocarbons Agency (ANH) will start offering new blocks, following the permanent allocation scheme that it announced recently.
Canacol Energy Ltda (TSX: CNE) announced an agreement to a 50% farm-in with Pacific Exploration and Production (TSX: PEN) for a gas block near its other properties.
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