News and AnalysIs for

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.

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.

Ecopetrol (NYSE:EC) confirmed that it is working on projects in the Eastern Planes, vital to assure the industry’s reactivation.

Ecopetrol (NYSE:EC) announced investments to develop unconventional resources in Texas, while Colombian authorities still debate about the future of fracking pilot projects in the country.

The National Hydrocarbons Agency (ANH) announced the signing of oil contracts with Parex Resources (TSX: PXT), confirming that “things are moving again.”

The National Hydrocarbons Agency (ANH) announced the signing of oil contracts with Gran Tierra Energy (TSX: GTE), as a result of the first auction of the Permanent Area Assignment Process (PPAA).