Elkin Mauricio Arboleda Muñoz, Master in Engineering-Mineral Resources from the National University of Colombia (UNAL), conducted a study on the hydrocarbon potential of the Umir formation and the Middle Magdalena basin.
Experts have insisted that Colombia must review international experiences to make a decision on fracking. YPF’s Pablo Bizzotto spoke about the company’s experience with these techniques in the “Vaca Muerta” deposit.
The Colombian government established a commission of experts to report on the possibility of implementing unconventional techniques in the country. Julio Fierro Morales, Geologist and Professor at the National University, conducted an analysis on the experts’ report.
This week the ANH head, Luis Miguel Morelli, said that he expected to publish the so-called ‘B Team’ regulations in October and auction 20 blocks in February. Recently I had lunch with a prominent member – and cynical observer – of the industry and talk turned to the idea of auctioning mature Ecopetrol fields. I think these two ideas are closely related.
The Colombian government wants to boost the growth of the oil sector and the Caribbean is positioned as one of the most attractive regions to develop new offshore projects. Ecopetrol (NYSE: EC) talked about investors’ interest in this area.
The Colombian government is interested in promoting the development and growth of the oil sector and has taken several steps to achieve it. The Maritime General Directorate (DIMAR) and the National Hydrocarbons Agency (ANH) announced a strategy to explore the Caribbean Sea.