This past week, ANH head Orlando Velandia reiterated 900 mbd as his 2018 target for crude oil production. Unfortunately, February production also came out this week and that was only 823 mbd. Recently, I came across an article we wrote just over a year ago (late January 2017) and we seem to be in exactly the same spot we were then.
Promigas announced its 2017 operational and financial results. The firm highlighted that operational income and EBITDA increased compared to 2016 figures.
The Colombian chamber of Petroleum Goods (Campetrol) presented a report on the performance of the oil and mining industry in 2017. The results are not very encouraging.
The General Comptroller questioned the current royalty system for its poor execution of projects, the dispersion of resources and corruption risks.
The Police reported the capture of two gangs dedicated to this crime. The criminals operated in the departments of Santander, Antioquia and Meta. The development of these and other stories in our periodic Security summary.
The Ministry of Mines and Energy (MinMinas) reported gas production figures for February 2018. Gas has been showing a good trend during this year.
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