Canadian oil producer Parex Resources expects to drill 30 new wells this year in order to continue expanding its production in Colombia and keep with its success rate to date of 70%, the company’s general manager Lee Distefano was quoted as saying.
Following a national debate as to whether Colombia has sufficient gas resources for the long term future, the Energy and Gas Regulation Commission (CREG) has issued resolutions clearing the path for natural gas imports starting in 2016.
Recently Colombia’s energy regulator, the CREG, issued an order to UPME — the Ministry of Mines and Energy’s think tank and research division — to look into the importation of Liquid Natural Gas, LNG.
The administrators of Colombia’s General Royalties System (SGR) hosted planning secretaries from the country’s departmental governments to discuss the accomplishments of the new royalty system in its first year and talk about its reach looking forward.
Natural gas producer and distributor Madigas says it will invest COL9B (US$4.77M) throughout Colombia this year with around COL4.5B of it focused in the Caldas Department.
Rural communities in Tibú, located in the Santander Norte department have erected barricades and organized protests which have 90% of Ecopetrol’s oil drilling and extraction activities stopped.
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