Colombian state-owned oil company Ecopetrol (NYSE: EC) shared the drilling results of the Orca Norte-1 well in the Tayrona Block, aiming to uncover additional natural gas reserves in the deep waters of the Caribbean Sea.
Campetrol’s latest drill report has unveiled a significant drop-in oil rig activity, hitting its lowest level since June 2021. Industry experts responded to these findings, expressing concerns about potential economic implications if this trend persists.
Ecopetrol (NYSE: EC) reported that Econova, in its inaugural year of operation, has mobilized projects valued at US$12.1M, collaborating with over 100 partners across the country.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for January 2024.
During the Economic Outlook Forum 2024 hosted by Anif and Fedesarrollo, Finance Minister Ricardo Bonilla talked about the oil production behavior during 2023.
Colombia’s natural gas industry, encompassing production, transportation, and distribution, is at the forefront of the nation’s efforts to reduce greenhouse gas (GHG) emissions, constituting a mere 1% of the country’s total.
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