Last week there was a minor flurry about an American thinktank putting Colombia on a list of ‘risky’ spots for petroleum investments. Timely, considering our article tying to quantify ‘risk’ which was really quantifying ‘impact’. I think it was overdone, but it still got me thinking about what risks are the most relevant.
Recently, Ecopetrol (NYSE:EC) got the public’s attention about the violence in southern Meta with a ‘gee whiz’ estimate of how much oil production was at risk. That got our Analyst thinking about production concentration and risk.
The Sinu San Jacinto bid round was announced with great fanfare on September 12th, 2017. The auction was supposed to have completed before the end of that year. Now, quietly, the date keeps slipping.
At this time of year, the UPME publishes its annual forecasts for gas demand and supply. Here we take a look at the conclusions, focusing on key graphs.
A few weeks ago, a poll appeared showing Gustavo Petro in first place for Colombia’s upcoming elections. Somewhat naturally, this raised eyebrows and raised concerns in the oil and gas industry.
We did not publish our usual security summary for December 2017 even though it was the end of the quarter and the end of the year. By the time we started operations again after the year-end holiday period, the bilateral truce with the ELN was already over, ending literally with a bang. It made more sense to wait until the end of January.
I have a deserved reputation for being a curmudgeon – always complaining – but looking at the statistical evidence, and listening to the industry, 2018 could shape up to be a good year. I am – shock! horror! – optimistic.
We have been borrowing the phrase from Casablanca to “Round up the usual suspects” in our analysis of quarter-over-quarter changes in crude production. We used it because the same block names kept appearing over and over. However, this quarter, things seem to be changing.
Following Article 8 of Law 1437 of 2011, the Ministry of Mines and Energy (MinMinas) published its Annual Action Plan for 2018. We saved you the trouble of ploughing through the 53 objectives and over 300 lines of Excel.
The Farc process is officially in the post-conflict phase and, despite stories of implementation failures on both sides, the UN Secretary General has given this a clean bill of health. But peace with the ELN is an entirely different story.
2026, Hydrocarbons Colombia, All Rights Reserved.
