News and AnalysIs for

Frontera Energy (TSX: FEC) announced its financial and operating results for 2Q2018. The company reported advances in its drilling program but production decreased. As reported earlier, the firm highlighted the end of some transportation agreements.

Colombia is looking for alternatives to improve its production and reserves metrics and the Enhanced Oil Recovery (EOR) technique is one of the main strategies to achieve it. Ecopetrol (NYSE: EC) is implementing EOR in its fields with good results.

The Congress must decide what will happen with the bill that seeks to ban fracking in Colombia. Carlos Andrés Santiago, promoter of the project, spoke on the matter.

Colombia has made a bet for the development of the offshore industry in the Caribbean region. The National Association of Entrepreneurs (ANDI) made some recommendations for the incoming president on this issue.

Felipe Bayón, CEO of Ecopetrol (NYSE: EC), spoke about relevant issues to the sector such as investment, fuels, unconventional resources, and reserves, among others.

Canacol Energy (TSX: CNE) wants to be the main gas producer in Colombia, selling its oil blocks to achieve it. However, the company will maintain some areas with potential of unconventional resources. Charle Gamba, CEO of CNE, spoke about the firm’s plans in these projects.

According to the head of the National Hydrocarbons Agency (ANH), Orlando Velandia, the country is preparing changes to its bidding process, aiming to increase investment and find new reserves.

Amerisur Resources Plc provided an update on operations in Colombia, after a technical review of well performance. The firm highlighted good advances in civil works in the Platanillo and CPO-5 blocks.

Canacol Energy (TSX: CNE) announced its mid-year Reserves report with good results in blocks located in the Lower Magdalena Valley (VIM) Basin in Colombia.  The firm highlighted that this is a result of its drilling program in the country.

Delvasto & Echeverria Asociados conducted a study on the oil transport costs in the country. Results are not very encouraging, leaving the country in an uncompetitive position.