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Concessions

Group proposes blocks come with licenses

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.

Wednesday, September 3rd, 2014
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MinMinas meeting with coal miners to discuss CBM

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.

Monday, August 11th, 2014
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OGX says social, environmental concerns forced it to move on

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.

Tuesday, August 5th, 2014
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Anadarko turns heads with aggressive offshore offer

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.

Tuesday, July 29th, 2014
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ANH in overdrive to award more blocks in 2014 Round second phase

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.

Monday, July 28th, 2014
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Only for experts

Only for experts

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.

Wednesday, July 23rd, 2014
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Conflicting information on Star, still no decision

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.

Thursday, July 17th, 2014
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Government excludes parámos from Round 2014 blocks

Government excludes parámos from Round 2014 blocks

The National Hydrocarbons Agency (ANH) will exclude parámos, or high-mountain tundra- from blocks being offered in the upcoming Colombia Round 2014.

Wednesday, July 16th, 2014
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ANH publishes preliminary list of qualified companies for 2014 Round

ANH publishes preliminary list of qualified companies for 2014 Round

The National Hydrocarbons Agency (ANH) issued its preliminary list of eligible companies, excluding only four from the companies which submitted papers.

Monday, July 14th, 2014
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As deadline approaches, 39 firms listed for Colombia Round 2014

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.

Thursday, July 10th, 2014
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