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Concessions

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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MinMinas says PRE not interested in pursuing Rubiales contract renewal

MinMinas says PRE not interested in pursuing Rubiales contract renewal

The Minister of Mines and Energy Amylkar Acosta says that Pacific Rubiales (TSX:PRE) is not interested in an extension of the association contract for its flagship field Rubiales, offering instead to install its STAR secondary recovery technology.

Thursday, July 10th, 2014
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ANH’s Betancourt talks competition for the 2014 Round

The 2014 Colombia Round is slated to start receiving bids this month, and the president of the National Hydrocarbons Agency (ANH) says everything is looking good so far. He also talks about the competition that the round faces globally to attract interested investors.

Tuesday, July 8th, 2014
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Betancourt says Colombia will not be the cheapest

In the run up to the 2014 Round auctions in late July, the head of the National Hydrocarbons Agency (ANH), Javier Betancourt, and the Vice-minister of Mines and Energy, Orlando Cabrales, have been talking to the press.

Tuesday, June 17th, 2014
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Critic takes on association contracts

Using Occidental (NYSE:OXY) as an example, an outspoken critic of the oil industry argues in a column that the government and controller must review association contracts renewed during President Uribe’s term because the formula to figure the state’s share is outdated, and apply the lessons to contracts up for renewal, such as Rubiales.

Thursday, June 12th, 2014
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