The Center for Economic Studies of the National Association of Financial Institutions (ANIF) conducted a study on fracking vs. conventional techniques, under the direction of Sergio Clavijo and Ekaterina Cuéllar.
The Colombian oil sector continues to look for alternatives to guarantee energy self-sufficiency in the long term. Hydraulic fracturing (fracking) is positioned as the main option, but it is not free from controversy. Ecpetrol’s (NYSE:EC) CEO, Felipe Bayón, spoke on this topic.
Oil prices have stabilized allowing the reactivation of investments, but these are low compared to prior years’ levels. However, the government has a plan to encourage more exploration investments, taking advantage of a better price environment.
A study by the Colombian Petroleum Association (ACP) said that most of the investments planned for next year will go to the development of onshore projects.
Ecopetrol (NYSE: EC) announced a new oil discovery in the Middle Magdalena Valley Basin (VMM) in the department of Santander.
German Arce, Minister of Mines and Energy (MinMinas), spoke about the possibility of implementing unconventional techniques and the consequences if these are not approved.
The National Hydrocarbons Agency (ANH) hosted its 2017 accountability session in Bogotá and HCC attended the event. According to the entity’s president, Colombia is an international benchmark in oil matters.
According to a report from the Colombian Petroleum Association (ACP), companies invested US$3.4M in the country during 2017.
The president of the National Hydrocarbons Agency (ANH), Orlando Velandia, said that he is positive about next year because the country’s self-sufficiency measure will not fall like it has during the last four years.
The Colombian Association of Petroleum Engineers (Acipet) organized a forum on unconventional technologies (UC) in Bogotá. HCC was present and we bring a brief summary of the meeting.
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