While in its June report, the International Energy Agency (IEA) acknowledged Colombia’s positive performance, improving its projections in terms of oil extraction for 2019, the Agency lowered this projection in its most recent report.
In his most recent Op-ed, Francisco Jose Lloreda, President of the Colombian Petroleum Association (ACP), spoke about the need to understand the energy transition process, before attacking the oil industry.
Giovanni E. Reyes, Ph.D. University of Pittsburgh / Harvard and Associate Professor and Director of the Master of Management at the Universidad del Rosario made an analysis of the extractive industry in the country.
Colombia still has not made a final decision on the implementation of unconventional techniques to develop oil projects. However, authorities, unions, experts and environmentalists continue to discuss this issue. The National Union Council (CGN) ruled on this issue.
Professor Brad Hubbard of the University of Calgary, an expert in unconventional deposits regulation, spoke about the experience of Alberta in the development of these projects. HCC was present at the event and we bring a brief summary of the meeting.