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Production

USO on fracking

USO on fracking

Colombia continues talking about the possibility of developing unconventional projects via the hydraulic fracturing technique (fracking). The Colombian petroleum workers (USO) spoke about this alternative and its potential in some municipalities of the country.

Wednesday, October 17th, 2018
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Frontera’s announcement

The firm provided important news on its Llanos-25 Block, with results from its Acorazado-1 exploration well.

 

Wednesday, October 10th, 2018
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EOR forum

The Colombian Association of Petroleum Engineers (ACIPET), in alliance with the National Hydrocarbons Agency (ANH), Ecopetrol (NYSE: EC) and other companies, organized a forum on Enhanced Oil Recovery (EOR) in Bogotá. HCC attended the event and we bring a brief summary of the meeting.

 

Monday, October 8th, 2018
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New oil boom?

New oil boom?

The oil crisis affected Colombia’s public finances in recent years, but crude prices have recently recovered. This situation has returned to generate optimism in the public sector, especially for the economic benefits that this may represent.

Thursday, October 4th, 2018
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More resources for oil regions?

Authorities confirmed that the Congress will discuss a Bill to modify the General System of Royalties (SGR).

 

Tuesday, October 2nd, 2018
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Under pressure

Under pressure

Based on a reader question, we decided to look at the available data on reinjected gas. That did not turn out to be easy, at least going back in time, (See Methodological Note) but did allow us to look at some other interesting questions like solving the looming supply gap.

Monday, October 1st, 2018
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Casanare after the oil crisis

Casanare after the oil crisis

The department of Casanare is one of the main oil-producing regions in Colombia. The oil crisis seriously affected the economy of this region, but the department saw this situation as an opportunity.

Wednesday, September 26th, 2018
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Oil production in August

Oil production in August

The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for August 2018. Crude increased slightly compared to the same period of last year, and gas showed positive behavior as well.

Wednesday, September 19th, 2018
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Bayón talks ECP’s goals

With better oil prices, Ecopetrol (NYSE:EC) could go back to producing 1mmbl, but according to CEO Felipe Bayón, that is not the company’s priority.

 

Monday, September 17th, 2018
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Delay in exploratory wells

Delay in exploratory wells

The National Hydrocarbons Agency (ANH) announced several exploration drilling projects for this year, generating many expectations about its possible benefits for the country’s reserves. However, the plans have not advanced as quickly as expected.

 

Thursday, September 13th, 2018
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