With the Coveñas / Caño Limón pipeline back in full service and so Arauca producing normally, we had expected 4Q15 crude oil production to be higher than 1mmbd.
Guerrilla-initiated events have risen for four successive weeks (on a Moving Average basis) but remain near historic lows. However, what inspired us to publish was a qualitative difference in last week’s ELN activities.
Gas Natural Fenosa country manager for Colombia, Alberto González, said that the supply of natural gas is solid and that the firm will look to growth by introducing more gas-powered appliances in homes, and invest in infrastructure.
The El Niño weather phenomenon has meant the highest use of thermal energy generation in Colombia’s history, says the director of Jorge Valencia Marín of the Mining Energy Planning Unit (UPME). However he assures that the grid is working fine, and the historic use is still “normal”.
The Ministry of Mines and Energy (MinMinas) and the Australian Consulate have signed a memorandum of understanding to deepen the relationship between the two governments and encourage an exchange in hydrocarbons matters.
There is no avoiding the discussion: these days we cannot talk to anyone either in or outside of the industry without someone asking “What will happen to Pacific?” We cannot answer that nor we will we speculate. But we can provide some facts and estimates that we think illuminate the risks to total Colombian production in a ‘doomsday scenario’.
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