Gran Tierra Energy (TSX: GTE) started to develop El Portón project, which has generated much controversy. However, the company proactively spoke to the local press about a new well.
The long-awaited report of the commission of experts was presented to the public Thursday afternoon. We attended. The study concluded there was much opportunity but much uncertainty so the country should run a pilot. Which is what Ecopetrol had proposed last year.
The government restarted the process to award offshore E&P contracts in the Colombian Caribbean, aiming to boost investments during 2019.
Ecopetrol (NYSE: EC) will announce its proven oil and gas reserves in approximately three weeks. However, analysts and experts began to make their predictions about this important metric for the country.
Ecopetrol’s (NYSE) CEO, Felipe Bayón, spoke about the importance that fracking has for Colombia in a scarce oil environment.
Ecopetrol (NYSE: EC) continues to develop its exploration campaign in Colombia, bringing good news to the country. The NOC announced a new discovery in the department of Arauca.
Ecopetrol (NYSE: EC) recently launched an international alliance campaign, allowing it to share markets and international scenarios with industry leaders. The NOC will continue its strategy during this year especially Mexico and Brazil.
The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for December 2018. The good trend continues, as the industry reported more rigs working in this period compared to December 2017 and previous month.
It is early January and time for my annual look ahead. The working title for this piece is always “Fearless Forecasts” but this year I am rather fearful.
Colombia has done little exploratory activity in recent years due to the oil crisis, insecurity and social conflict. However, the country must improve on this issue as soon as possible to resolve concerns about self-sufficiency.
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