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).
The offshore industry has been popular among top global firms who decided to bet on Colombia’s Caribbean area. The ANH thinks new blocks in the Pacific might have just as much success.
Parex Resources (TSX: PXT) announced its first quarter 2019 operational update. Its production started the year on the right foot in 1Q19 and the firm showed its confidence about the performance of metric for coming quarters.
The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for March 2019. This metric remained stable compared to the previous month, and the Chamber showed its optimism for a possible increase of this important metric in the coming months.