News and AnalysIs for

The National Hydrocarbons Agency (ANH) announced a second auction of the Permanent Competitive Process (PPAA) for November this year. This is the block that has caught investors attention due to its location in the Catatumbo region.

The Podion Corporation and the Colombia Fracking Free Alliance accused Drummond of contempt of court for an alleged violation of the State Council’s rulings.

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.

Four French drones known as the ‘sea explorers’ will be used by Ecopetrol (NYSE: EC) to study the Caribbean Sea.

These are the contracts that the National Hydrocarbons Agency (ANH) has been working on to boost the industry’s performance.

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.

The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for July 2019. Working and contracted rigs increased compared to same period last year.

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.