The National Hydrocarbons Agency (ANH) held a press conference to talk about the Permanent Competitive Process (PPAA). Nicolás Mejía, Vice President for Promotion and Assignment of Areas of the National Hydrocarbons Agency (ANH) and Luis Miguel Morelli, President of the ANH, were at the event. We bring a brief summary of the meeting.
As controversial as it is, fracking seems to be the most effective way Colombia has to assure its self-sufficiency. Chinese experts explain how water can be replaced by carbon dioxide (CO2) to develop this technique.
Colombia continues to discuss the possible implementation of unconventional techniques, while the current oil and gas reserves levels generate concerns in the hydrocarbon sector. Alberto Leal Niño, Chairman of the Board of Directors of the Colombian Association of Petroleum Engineers (ACIPET), spoke on this subject and international experiences in countries such as Poland.
The Colombian government implemented the “Works for Taxes” strategy to allow companies to pay taxes through projects in their areas of influence. Authorities announced the projects for this year and the committed investment.
The Colombian peso has devaluated strongly against the dollar in recent months, causing concerns in some economic sectors. Juan José Echavarría, Manager of the Colombia’s Central Bank (Banrep), spoke on this subject.
The Association of International Petroleum Negotiators (AIPN) hosted the “Coordination with the Territory in the Extractive Sector: Analysis and Challenges” panel. HCC attended the event.
The oil sector has proposed developing unconventional deposits through fracking as the main strategy to guarantee energy self-sufficiency in the medium and long term. The discussion about this alternative continued and people both for and against spoke about this option.
An anonymous reader reacted strongly to a recent article where the ANLA was talking about its operational improvements. Our reader’s point is that it is a waste of time and effort to look for operational improvements to a process that is fundamentally flawed to begin with. Here is the text of the email they wrote plus our Bottom-Line reaction.
Authorities just reported on oil and natural gas reserves, creating concerns in the sector. Here is what the Mining and Energy Planning Unit (UPME) has to say on the matter.
Authorities confirmed that the ELN attacked the Bicentenario and Coveñas / Caño Limon (CCL) pipelines, causing a halt in activities.
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