Equion – a joint venture between Ecopetrol and Talisman – reports the presence of dry gas in the Mapale-1 well. From an Ecopetrol Press Release in English with commentary by Hydrocarbons Colombia.
In the context of the Colombian Association of Petroleum Services Companies, Campetrol’s Expo Oil and Gas, various association officials spoke to the Colombian press. Campetrol has worked with economic think tank, Fedesarrollo to characterize the sector and provide a view into its potential.
According to Minminas, Federico Renjifo, the search for oil continues near Buenaventura (Valle del Cauca), off the Pacific coast of Colombia. For Renjifo it is important to study the area, which is virtually unexplored.After a poor performance for these blocks in the 2012 Round he is certainly right.
In a press release, Canacol updated its activities in the VMM 2, Cedrela and LLA 23 blocks. The latter two are still at initial stages so the news was mostly about VMM 2. Canacol is not the operator – it has a 20% working interest – but given the block’s adjacency to the 100% Canacol Santa Isabela block, the company hopes to get relevant information as well as oil.
The National Hydrocarbons Agency (ANH) recently published basic exploration statistics as of September 2012. From a drilling point of view the news is not good — the country is likely to fall short by 58 wells — and from a success point of view the story is even worse. Only 3 of the 93 wells drilled are reported as being productive and all 34 A3 wells that have come to a definite conclusion have been declared dry. There are still 52 A3 wells under testing. Seismic is a better story with the country likely to exceed its targets for kilometers of seismic by a comfortable margin (see chart at the bottom of this article).
October 11, 2012 From a MinMinas press release. Translated and with commentary by Hydrocarbons Colombia
October10, 2012
NOTE: This is a high level summary for general interest. Anyone participating in the round should have the official documents translated from the original Spanish. We assume no responsibility for problems which might arise using this article as a basis for decisions or actions by those participating in the auction. The National Hydrocarbons Agency (ANH) has published an agenda for October 17, 2012, the day that participants in the 2012 Round will present their offers in Cartagena. The agenda is:
Source: January-June MinMinas, Hydrocarbons Colombia; September 2012 from Parex
A Parex Resources press release says that September production was 11,850bpd versus 10,300bpd in 2Q12. The company expressed confidence in hitting at least 13,000bpd assuming current operating conditions continue, especially the assumption that proven wells get approvals for production and that existing wells decline at the current observed rate.
October 2, 2012 Petroamericas issued a press release updating its Colombian operations both exploration and production. Highlights include
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