Last week we started our two-part look at the opportunities and challenges of developing oil and gas projects in Peru. In our concluding chapter, we look at the Amazon region, which has familiar conditions to those of the Colombian Amazon.
To accompany our report on the Peru market, we thought these charts on oil and gas, production and reserves would be useful.
Sustained oil and gas growth since the early 2000s and plenty of potential for further E&P, although to achieve it operators will have to go offshore or operate amongst the complexities of the Amazon.
Recently, the State Council issued a confusing ruling on the deductibility of royalty payments, especially those paid with respect to concession contracts for the extractive sector.
Last week, we published about a court ruling that (supposedly) would lead to taxing royalties (technically, removing a ‘deduction’ for royalties).
Hard to believe but this is our fifth anniversary. Our website came up in late October of 2012 and our first daily newsletter dates from that time as well.
As noted in today’s companion article, the first major even that we covered was the 2012 Round of block auctions in the month of October.
When we were first starting out in HCC, I was fascinated by the paradox of successful ‘small’ companies in the Colombian industry and yet the government’s apparent desire to limit their scope in favor of ‘large’ companies who, frankly, seemed largely uninterested.
At one point in time we reported this weekly. Now quarterly seems it might be too frequent. The numbers are way down but do not seem to be telling the whole story.
A reader asked me why we had said that the research on unconventional had already been done. I told him it was because there was a time in 2013 and 2014 when it appeared as if fracking was just around the corner.
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