Before any of the companies carrying out offshore exploration can start producing hydrocarbons a regulatory model for the activity must be put in place to allow the activity, according to the general director of the Maritime Authority (Dimar) Vice Admiral Pablo Emilio Romero.
The Minister of Mines and Energy Germán Arce detailed the measures being taken by the government to attract new investment for the sector, which the ministry believes could bring in an additional US$6.5B in investment for hydrocarbons and mining.
The Inspector General’s office issued a statement on the growing trend of public referendums to reject hydrocarbons production at the municipal level, and said that these are costly, the competence of the state and affect investment for social and economic development.
The reversal of gas between Colombia and Venezuela has been a long time coming, but Colombian business leaders are left discontented after it has been revealed PDVSA will not sell natural gas back to Colombia at the same price it received it.
The Colombian Association of Oil Engineers (ACIPET) signed eight cooperation agreements to enhance labor opportunities for its members, and handed out awards during its 2nd Innovation and Entrepreneurship Fair.
HCC was present at the Colombian Petroleum Association (ACP) congress 2016, held at the club El Nogal (Bogotá), and we bring a brief summary of the most important issues.
HCC attended the ANH’s 3rd Knowledge Fair: An experience for transforming conflicts and building peace, where community leaders discussed the agency’s territorial strategy. This initiative seeks to encourage ” territorial development and peace building where the industry operates”.
The president of the Colombian Petroleum Association Francisco José Lloreda said that the royalty framework is one of the leading causes of community conflict and must be reviewed, and prior consultation would be better served if handled by the government ahead of awarding blocks.
The president of the Colombian Energy Chamber (CCEnergia) Andrés Taboada said it seems that government entities are dedicating their efforts to creating obstacles to developing exploration and production activities for oil and gas, instead of promoting these investments.
Colombia’s most public (potential) unconventional project, still in its early exploration phase, has been suspended by ConocoPhillips (NYSE:COP) due to a series of blockades in the VMM3 block.
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