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CEO Felipe Bayón acknowledged the importance of better oil prices for the development of the NOC’s projects.

Colombia continues talking about the possibility of developing unconventional projects via the hydraulic fracturing technique (fracking). The Colombian petroleum workers (USO) spoke about this alternative and its potential in some municipalities of the country.

In a voting session of five against one, the Constitutional Court revoked the popular consultation that took place in the municipality of Cumaral (Meta), in June 2016.

Francisco José Lloreda, President of the Colombian Oil Association (ACP) spoke about key issues for the sector such as exploration and oil prices.

The firm provided important news on its Llanos-25 Block, with results from its Acorazado-1 exploration well.

The government formed a Commission to evaluate the convenience of developing Fracking in the country. Opinions are still divided.

The Colombian Association of Petroleum Engineers (ACIPET), in alliance with the National Hydrocarbons Agency (ANH), Ecopetrol (NYSE: EC) and other companies, organized a forum on Enhanced Oil Recovery (EOR) in Bogotá. HCC attended the event and we bring a brief summary of the meeting.

The Siona de Buenavista Indigenous Community, located on the banks of the Putumayo River, denounced that Amerisur is allegedly polluting its water sources with the development of its Platanillo field.

Amerisur Resources (LON: AMER) announced its exploration plans in the block Platanillo, located in the Putumayo basin. The company is optimistic about the potential results from this important area.

Colombia continues to discuss the possibility unconventional techniques to increase oil reserves and production. Maria Fernanda Suarez, Minister of Mines and Energy (MinMinas), spoke on this topic in a debate.