For the next Colombia Round, the Colombian Society of Geology says the National Hydrocarbons Agency (ANH) should auction blocks with pre-approved environmental licenses, in order to lessen the potential impact of a process that has become one of the greater obstacles towards exploration and production in the country.
The Ministry of Mines and Energy (MinMinas) will meet this week with representatives of coal miners Cerrejón and Drummond, as well as Ecopetrol (NYSE:EC) to discuss Coal Bed Methane (CBM) that has been the center of conflict between the two coal miners over an unclear concession.
Brazilian oil operator Óleo e Gás Participações (OGX) says that social and environmental issues pushed it to divest its Colombia assets in the Cesar Rancheria (CR) and Lower Magdalena (VIM) basins, and continues negotiating with the National Hydrocarbons Agency to reach an final exit plan.
Texas based oil operator Anadarko (NYSE:APC) walked away with three of the five offshore blocks assigned in the Colombia Round 2014, and has caught the attention of authorities after offering the largest amount for a single block, at US$123M.
The National Hydrocarbons Agency (ANH) is pushing to have the reference terms ready in three weeks for the second phase of the Colombia Round 2014, which will look to award the 69 blocks that did not reserve a bid last week in the opening phase.
The 2014 Round of auctions is over and the Colombian government is all smiles (at least in public) with 26 of 95 blocks assigned. Unlike the previous round, all the onshore winners are companies already doing business in Colombia.
Another postponed decision and conflicting reports on the performance of Pacific Rubiales’ (TSX:PRE) secondary recovery technology Star have shrouded the project, which is the operator’s main bet for its namesake Rubiales field, in uncertainty.
The National Hydrocarbons Agency (ANH) will exclude parámos, or high-mountain tundra- from blocks being offered in the upcoming Colombia Round 2014.
The National Hydrocarbons Agency (ANH) issued its preliminary list of eligible companies, excluding only four from the companies which submitted papers.
The National Hydrocarbons Agency (ANH) has revealed that as of last Friday (July 4) 39 firms have presented all the required documents to participate in the Colombia Round 2014, still below the anticipated 50.