Offshore is an important frontier for the Colombian industry, but the high costs and long time before a successful find sees commercial production weaken its value for the country and industry, so more incentives for onshore exploration are needed, say experts and industry players.
The General Controller’s office has entered the debate on the supply of natural gas, warning that the country must have a clear strategy in order not to suffer a loss of self-sufficiency in the near future.
The total incident count was down to 34 but guerrilla-initiated incidents (by our methodology) were up by 3, continuing the recent trend.
The end of the unilateral cease fire from the Farc has put oil infrastructure back in the cross hairs of the guerrilla, with disastrous consequences for operators in the south of Colombia, in particular in Putumayo.
Ecopetrol (NYSE:EC) president Juan Carlos Echeverry made his first official visit to the Barrancabermeja Refinery, where he said the NOC lacks the money for a modernization, but instead said it would take place in stages.
In a change of strategy the USO says it has direct workers with Pacific Rubiales (TSE:PRE) that have decided to affiliate themselves with the USO, and the union has submitted a list of demands.
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