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.
Every quarter we track the so-called ‘Colombian discount’ – the apparent penalty that the stocks of Colombia-focused producers bear relative to their global peers.
The Colombian-Canadian Chamber of Commerce (CCCC) hosted the third “Entrepreneurial Challenges for Peacebuilding in Colombia” forum, where industry representatives and state officials gave their opinion on how the industry can contribute to the post-conflict process taking place in Colombia.
Most if not all companies are in their planning processes for 2018 and one of the biggest debating points is always prices.
Undoubtedly, the big news this week is the prospect of peace with the ELN. I have been a skeptic but this week’s announcement of a bilateral ceasefire changes the odds.
About a month ago we looked at the ANH’s recently-published field-level production data for 1Q17 to see why Colombia had fallen so far from its peak production of 1,029 mbd in 1Q15.
This week we got the July crude oil production results (earlier than last month at least) and while the official press release focused on year-over-year growth, I think we are flat, becalmed in the ‘mid-850s’ doldrums.
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