One of the main concerns in relation to the industry is the fact that according to the National Hydrocarbons Agency (ANH), the country’s reserves will only be enough for five or six years.
During the closing ceremony of the Colombian Petroleum Association’s (ACP) third annual congress, its president Francisco Lloreda, spoke about the situation of the industry.
The ACP’s 2017 congress kicked off yesterday on an up-note, with attendees showing more confidence than in recent events. Starting with Chairman Guillermo Fonseca’s welcome speech, we think the event also kicked off a return to the debate about the roles of State and company in rural development.
The president of the National Hydrocarbons Agency (ANH), Orlando Velandia, said that if fracking is developed in Colombia, it will be done with companies that have the necessary experience and capital.
The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for August. This metric keeps its positive performance, despite operating challenges in the country.
According to Jaime Concha, Vice President of Mining, Hydrocarbons and Energy at the National Association of Colombian Entrepreneurs (ANDI), companies are betting on an agreement that seeks to explore reserves in Putumayo (Amazonas).
The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) presented the “Sinú San Jacinto 2017 competitive process” at an event in Bogotá.
Ecopetrol (NYSE: EC) proposed a test to counter the myths around unconventional techniques in Colombia. This generated a great debate between several entities and some organizations are against the proposal.
The offshore sector is the great hope of the Colombian government to guarantee self-sufficiency in the long term (at least in gas). Authorities are working on the regulation to approve the development of these projects and Luis Gilberto Murillo, MinAmbiente, spoke on this topic.
Detractors and defenders of fracking gave their opinion on this technique in afact-based debate.
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