The departments of Caquetá and Putumayo will see a greater concentration of exploration and production activity, and will likely be included in the upcoming Colombia 2016 round.
Everyone in the industry is concerned by the rise of violence against the oil industry over the past few months.
Hydrocarbons Colombia was present at a Campetrol-organized conversation on the peace agreements. We brought back a brief overview of the talk.
The board of directors of the USO oil workers union said that problems in creating a dialogue with Ecopetrol (NYSE:EC) have led it to convoke a general strike of the NOC’s direct and contract workers. The union claimed the strike is necessary to avoid the privatization of Ecopetrol.
The graph shows that gas continued to be a better business than crude oil in 2Q16 despite rising oil prices which boosted oil netbacks.
The above graph accurately reflects the perception that security is less of an issue for the industry than at any time in the past 4 years. However, the ELN are not covered by any current agreements so in some parts of the country the situation is not so tranquil.
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