News and AnalysIs for

The Finance Ministry (MinHacienda) still holds an optimistic outlook for production over the next 10 years, with average production expected at 1.063mmbd in its Midterm Fiscal Framework (MFMP).

The Colombian Petroleum Association’s new president Francisco José Lloreda called on the government to improve its ability to protect the nation’s pipelines, regardless of any peace advances with the guerrilla.

The Minister of Mines and Energy (MinMinas) Tomás González gave his first full interview on the major issues facing his office and appointment, and promised that the country will soon return to daily production figures of above a million barrels a day.

The General Controller’s office has published a book that analyses the impact of the General Royalty System (SGR), and says there are several systemic issues that have led to a low execution rate of royalty projects.

The State Council has supported an injunction filed by Ecopetrol (NYSE:EC), and ruled that regional and local entities cannot establish areas that limit oil or mining activities, as they are an issue of the central government.

When we first published a graph like this we thought it was a one-time joke we would never have to drag out again. Unfortunately, we were wrong and it may not be a joke.

After a delay of at least a year for the sale of the 57.6% share that the government has in electrical energy generator Isagén, the idea of floating more of its control of Ecopetrol (NYSE:EC) on the public market to pay for infrastructure investments has resurfaced.

After 26 months of the General Royalty System (SGR) authorities have celebrated the successful finish of 1,060 projects, while 2,811 remain in the execution phase.

After more than a month of protests, blockades and clashes the mayor of Puerto Asís has called on the Interior Minister Juan Fernando Cristo to attend to the indigenous communities concerns to end the deadlock.

Vice Minister of Energy Orland Cabrales says that the technical and environmental norms are in place and at least one contract has started to move forward with mapping work, while plans to start drilling are also in order for others. The main issue is now environmental licensing to see more activity.