Experts in the sector are calling for increased exploration, positive investment signals, and the awarding of new contracts for hydrocarbon exploration and production following the release of the reserves report.
Colombia recently released its long-awaited report on hydrocarbon reserves as of December 31, 2022, and the negative figures have reignited the debate about the need to award new contracts.
The Petro government’s decision to not award new E&P contracts for hydrocarbons has sparked a legal challenge in the form of a fiscal responsibility complaint.
Campetrol announced the National Hydrocarbons Agency’s (ANH) preliminary oil and gas production estimate for April 2022.
Clara Liliana Guatame, President of the ANH, talked about key issues such as reserves, and suspended contracts.
Katherine Miranda, a representative in the Chamber for the Green Party, raised concerns about the urgent need for the Gustavo Petro government to make a payment on the of the Fuel Price Stabilization Fund (FEPC) deficit.
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