Cajamarca is a small city of about 19,000 people, southwest of Bogotá on one of the few ‘easily’-driven mountain passes crossing the Central Cordillera.
Costs were up in 4Q16 so despite higher prices, the average crude oil netback for publicly-listed reporting companies was down slightly in the quarter.
Foreign Direct Investment (FDI) in oil sector reported an increase in 4Q16. However, these figures remain very small compared to previous years. The sector’s contribution went up in the quarter but still down on an annual basis and it is too soon to tell if this is a reversal of trend or a blip.
Prospects for this year are positive in the gas sector. Colombia will reactivate exploration especially in offshore fields. The industry will make large investments in E&P and infrastructure.
The Corporate Reputation Business Monitor (Merco) and the Department for Social Prosperity (DPS) ranked the companies most-committed to social investment in Colombia. Pacific (TSX:PEN) was the industry’s leader on the list, at number 15.
This week marks 100 days of the signing of the peace agreements between the government and Farc. During this time, its implementation has had more delays than progress. This is a brief recap of what has happened.
2025, Hydrocarbons Colombia, All Rights Reserved.
