The proponents of ‘no’ and ‘yes’ have made slow progress towards a new agreement before government negotiators travel to continue talks with the Farc this week, and there is speculation that an amended agreement might not pass through a second plebiscite.
The Colombian Petroleum Engineers Association (Acipet) and the National Hydrocarbons Commission (ANH) organized a two-day seminar called “Near Field Exploration” in Bogotá. HCC was present at the event; we bring a brief summary of the meeting.
To meet the national government’s 2016 average daily production goal of 998,000bd the next two month’s production would have be to be well above the million barrel a day mark (1.068Mmbod), a long shot at best. Development and exploration wells are also falling short of the mark.
Senator Maritza Martínez promised to work with the central government and ensure that producing regions receive more royalty resources, as their share is lower than non-producing regions in the biannual budget.
It has been over a year and four months since a Farc attack on the Transandino Pipeline spilled more than 410,000 gallons of oil into the bay of Tumaco in Nariño, and now residents accuse the government of doing little to remedy their situation. This and other environmental stories in our periodic summary.
Among the proposals sent to the National Planning Department (DNP) as part of the royalty budget discussion by the Colombian Petroleum Association (ACP) is a mechanism to penalize communities whose frequent protests paralyze the oil industry.
Following a long stint as the acting president of the National Hydrocarbons Agency (ANH) and a series of rumors, Orlando Velandia has formally been named the president of the entity.
The director of the National Planning Department (DNP) Simón Gaviría warned that the number of at-risk “critical” royalty projects has grown from 144 at the end of 2015 to 208 on July 31, 2016, another sign that something is wrong with the General Royalty System (SGR).
The offshore industry has become the government’s great hope to add new reserves and keep Colombia’s hydrocarbons self-sufficiency going, but it is no short term bet and there is still structural work to do.
Colombia’s Senate held its first day of debates on 2017-18 General Royalty System (SGR) with the central government highlighting increases in the amount for development projects for regions, while the opposition pointed out the flaws in the overall system.
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