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Regulations & Policy

Science and tech projects awarded over US$311M in royalties in July

In July the General Royalty System (SGR) approved 67 science and technology projects which will receive CoP$588.122B (US$311.3M) in royalty funding, the most relevant funding of its sort for these ends since the new royalty system was established over a year ago.

Tuesday, July 30th, 2013
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CAM says hydrocarbon transport firms lacking contingency plans

The Autonomous Corporation of Alto Magdalena (CAM) says that none of the 12 hydrocarbons transport firms operating in the department have a contingency plan approved by the regional authority.

Monday, July 29th, 2013
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Average Colombian Royalties are not 20 percent

Average Colombian Royalties are not 20 percent

It is a stereotype that rolls easily off the tongue: the Colombian royalty rate is 20%. Data from 1Q13 shown above shows that it is not. The bars represent the average royalty rate for the top producing departments (excluding X Factors paid on E&P contracts) and the figures displayed on the bars themselves is average daily production in thousands of barrels per day.

Thursday, July 25th, 2013
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Palm oil producers say government not keeping biofuels promises

The National Federation of Palm Oil Producers (Fedepalma) says the government is not keeping promises it has made regarding the use of biofuels, in particular biodiesel.

Wednesday, July 24th, 2013
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Average Colombian Royalties are not 20 percent

Average Colombian Royalties are not 20 percent

It is a stereotype that rolls easily off the tongue: the Colombian royalty rate is 20%. Data from 1Q13 shown above shows that it is not. The bars represent the average royalty rate for the top producing departments (excluding X Factors paid on E&P contracts) and the figures displayed on the bars themselves is average daily production in thousands of barrels per day.

Wednesday, July 24th, 2013
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ANH preparing rules that allow unconventional exploration in areas already assigned

The National Hydrocarbons Agency (ANH) is preparing a campaign to push through regulations that would allow exploration for unconventional reserves in areas that have already received approval for conventional extraction.

Tuesday, July 23rd, 2013
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Pacific Rubiales praises ANLA simplifications, expects approval for new block

Pacific Rubiales CEO Ronald Pantin says that recent changes to simplify environmental licenses will improve its timelines for the environmental permit process in Colombia, which in the short term will lead to approval of a license to operate the CPE-6 block in the Llanos basin.

Wednesday, July 17th, 2013
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DNP says royalty distribution system on track despite critics

The director of the National Planning Department, Mauricio Santa María believes that the long term goals of the new royalties system (SGR) are on track despite a growing chorus of critics questioning its effectiveness.

Wednesday, July 17th, 2013
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Campetrol: Pacific Rubiales as a case for success

Colombia’s Chamber for Petroleum Goods and Services, Campetrol, published a statement written by Pacific Rubiales which outlines the company’s case that it has been a model in terms of development and ideas for how the industry must move forward.

Tuesday, July 16th, 2013
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Naturgas opposes public auction for wholesale gas, says will increase prices

The Natural Gas Association (Naturgas) says that proposed changes that would institute a system of public auctions to set wholesale prices as proposed by Colombia’s Energy Regulatory Commission and Gas – CREG would lead to price increases and opposes the system.

Thursday, July 11th, 2013
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