News and AnalysIs for

The National Environmental Licensing Agency (ANLA) has been reporting on its monitoring processes. This time, the entity ruled on the Quifa exploration area.

The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) reported natural gas reserves a few days ago, generating concerns in the country. Authorities are analyzing options to increase this metric.

General Comptroller Carlos Córdoba said that the entity is not against fracking, but asked for certain conditions to be fulfilled.

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.