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Long Form Reports

Digging beneath the PPAA numbers

Digging beneath the PPAA numbers

As we reported, recently the first ‘window’ of the new ‘permanent’ block assignment process (known as PPAA for its initials in Spanish) passed its first hurdle successfully. In this article, we look at the results, based on the notes we took at the event. Official results, have been published confirming our estimation of the leading bidder for each block.

Sunday, June 9th, 2019
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Participants in the permanent round UPDATED

Participants in the permanent round UPDATED

Tuesday, June 4, 2019 marks the first block assignment process since July 2014, nearly five years ago. Much has happened and oil prices – a primary determinant of investment and so participation – are still well below where they were during the last auction. Here is the announced list of qualified participants.

Sunday, June 2nd, 2019
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Making a flawed process more efficient

An anonymous reader reacted strongly to a recent article where the ANLA was talking about its operational improvements.  Our reader’s point is that it is a waste of time and effort to look for operational improvements to a process that is fundamentally flawed to begin with. Here is the text of the email they wrote plus our Bottom-Line reaction.

Monday, May 27th, 2019
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Winners and Losers 2018

Winners and Losers 2018

The ANH recently published field-level crude-oil production data for 4Q18, allowing us to update our database and look at where growth – or decline – took place. Overall production was up more than 11mbd in 2018 versus 2017 but this is usually due to a long list of growing fields (winners) offset but an equally long or longer list of declining fields (losers).

Monday, May 20th, 2019
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Oil will finance its replacement as an energy source

Acipet, the petroleum engineers’ association has been an important voice in defense of the industry’s interests. Here, the organization’s Chairman of the Board, Carlos Alberto Leal Niño, argues that the important work of transitioning away from fossil fuels in the future should be financed by developing the country’s hydrocarbons today.

Monday, May 13th, 2019
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What happened to fracking last week?

Last week was a controversial one in Colombia’s congress with the ongoing battle over peace process implementation, approval of royalty reform in its opening debate and the final authorization of the government’s long-term economic plan (known as the PND for its initials in Spanish). The press reacted strongly to a clause about fracking but the politics of how one newspaper reacted was surprising, to me at least.

Monday, May 6th, 2019
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A sufficiently advanced technology

A sufficiently advanced technology

It has been some time since we looked at Colombia’s downstream sector so this week we update some of our charts.

Monday, April 29th, 2019
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Fracking Independent Interdisciplinary Commission Final Report – Recommendations (Chapter 13 and 14) Abridged and in English

As we reported recently, what we have been calling the “Commission of Experts” published their final report. It is 173 pages (in Spanish obviously) and not exactly stimulating reading (which shows its scientific ‘cred’). We abridged the two recommendations chapters, 13 and 14, and translated them into English. We hope you find it useful.

Monday, April 15th, 2019
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Colombian oil stocks back on track in 1Q19

Colombian oil stocks back on track in 1Q19

Just a short summary this quarter of our index of publicly-traded Colombia-focused E&P stocks because not much has changed.

Monday, April 8th, 2019
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Permanent bidding process – Overview and commentary

One of the biggest changes by this new government has been finally launching the new Permanent Bidding Process. Originally announced in September 2015, it would be an understatement to say this has had a long gestation period. But it has finally arrived. We asked Marianna Boza and the team at Brigard Urrutia to give our readers an overview.

Monday, April 1st, 2019
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