News and AnalysIs for

Geopark Limited (NYSE: GPRK) announced its operational update for the three-month period ended June 30, 2018 (“2Q2018”). The company reported good production performance and successful drilling activities in the Llanos 34 block during this quarter.

The Colombian government is making an important commitment to promote the development of offshore projects and take advantage of the Caribbean Sea potential. This has generated high expectations in the Caribbean region of the country, especially in the department of Atlántico. There, leaders are discussing about how to leverage these opportunities and their risks.

The Ministry of Mines and Energy (MinMinas) with the National Hydrocarbons Agency (ANH) reported on their management during the last eight years. The entities highlighted results in reserves, drilling and seismic.

Ecopetrol (NYSE: EC) continues to develop exploration activities in Colombia and it seems like the strategy is on the right track. The NOC announced a new discovery in the department of Cundinamarca.

A few weeks ago, we looked at BP’s recently published annual statistical summary of the global energy market. At that time, we did some country-by-country comparisons in a static view. This week we look at changes over time, within Latin America.

The National Administrative Department of Statistics (DANE) reported the value of Colombian exports in May. This increased compared to the same period last year and the extractive sector played a key role in this behavior.

Ecopetrol (NYSE: EC) announced important news about the Infantas Oriente field, located in the municipality of Barrancabermeja in the department of Santander. This area is only 3km from the Cira-Infantas field and very close to the Barrancabermeja Refinery.

The government of Juan Manuel Santos is ending and the Ministry of Mines and Energy (MinMinas) delivered a report on the energy sector’s performance in the last eight years. Germán Arce Zapata, MinMinas, presented the results at an event in the municipality of Guapí, Cauca.

In recent years, the Coveñas Caño Limón pipeline has been the main target of illegal groups, especially the ELN. This year this important facility has suffered several attacks, affecting its normal operations and Ecopetrol (NYSE: EC) is working to repair the damage.

Mauricio Cárdenas, Minister of Finance, announced the last Medium Term Fiscal Framework of the current government, with good prospects. The State revenues from the oil sector could increase considerably in the coming years.