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.
The fact that the National Hydrocarbons Agency (ANH) has not delivered any new blocks in the last four years, has the industry wondering.
The Colombian Petroleum Association (ACP) and the Chamber of large consumers associated with the National Entrepreneur’s Association (ANDI) announced plans to boost the natural gas industry in the country.
According to Colombia’s Chamber of Petroleum Goods and Services (Campetrol), the lack of government support is negatively affecting the industry.
The Organization of Petroleum Exporting Countries (OPEC) reported on the oil sector in Latin America and Colombian results are not encouraging. The National Hydrocarbons Agency (ANH) disagrees with OPEC.
Frontera Energy Corporation (TSX: FEC) announced updates to some of its transportation contracts in Colombia, generating huge savings for the company. However, this has generated a controversy because CENIT has announced actions against FEC.
Activities at Coveñas Caño Limón (CCL) were suspended for 180 days due to ELN attacks and oil theft.
The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for June 2018. Crude increased compared to the same period last year, and gas showed positive behavior as well, surpassing the 1,000mmcfd barrier for second month in a row.
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