The national government has set the limits of eight páramos, or high mountain tundra, to protect water sources which it says supply more than three million people. The protective order affects a total of 100,000 hectares of land in different parts of the country. This and other environmental stories in our periodic roundup.
A group of politicians in Meta have demanded explanations on the status of a planned refinery in Meta and how CoP$17B (US$5.6M) have been spent on the refinery, which still has not started the construction phase.
Some of the changes are detailed in the supply plan of the Energy Mining Planning Unit (UPME), which has identified the priority projects that it will tender directly, so that they are executed more quickly and not bottlenecked by market issues.
The Chamber of Oil Goods and Services (Campetrol) said that benefits offered by authorities to encourage exploration activity and make contracts more flexible are not having their desired effect, and more should be done to ensure exploration is restarted.
Colombia’s first regasification plant, located in the Cartagena, is 70% finished and should be ready in December 2016. The general manager of the facilities explained why the project has taken so long and the process still needed to get it up and running.
Our last estimate of Colombia’s 2015 reserves and reserve life was made on March 7, 2016, before Pacific E&P (TSC:PRE) reported. We now have reports from companies representing 87% of 2014 reserves. Since these are the only companies we expect to report publicly, this is the best estimate base we are going to get.
The Energy Mining Planning Unit (UPME) presented its report on the natural gas sector in the recent Colombian Natural Gas Association (Naturgas) and said that reforming the transportation system is a top priority, along with improving reliability and building a regasification plant on the Pacific coast.
Ecopetrol’s president Juan Carlos Echeverry offered a spirited defense of the Cartagena Refinery (Reficar) and its modernization at the recent Congress of the Colombian Natural Gas Association (Naturgas), highlighting that despite the bad press, the project moves forward and is nearly 100% operational.
The president of the National Hydrocarbons Agency Mauricio de la Mora said that the entity is working to tender an offer of “multi-client” seismic activity to boost activity not just in Caribbean waters, but also in the waters of the Pacific.
A recent report from the Chamber of Oil Goods and Services (Campetrol) calls attention to the fact only one of every four drills in Colombia were in use in Colombia, and urged the government to do more to stimulate exploration.
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