News and AnalysIs for

The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for April 2019. Crude and natural gas production increased during the four month of this year compared to 2018.

The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for April 2019. Working rigs increased and the Chamber showed its optimism for the behavior of this metric during 2019.

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).

Parex (TSX: PXT) announced its financial and operating results for the first quarter 2019. The firm reported oil production growth and good financial performance.

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.

The Ministry of Mines and Energy (MinMinas) will publish data on oil reserves in the coming days. Industry experts talked about the possible behavior of this important metric during the past year.

The government presented the final version of its National Development Plan (PND) to the Congress, where it included an article about unconventional projects. Here are the details.

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 industry, headed by the Colombian Petroleum Association (ACP) and Ecopetrol (NYSE:EC), attended the second work meeting with President Iván Duque and his team.

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.