The Colombian oil sector is experiencing times of great uncertainty, due to the presidential elections and the boom in the anti-oil referendums. This situation could affect the development of several agreements between the government and oil companies, especially the Exploration and Production (E&P) contracts. We will analyze the production that is at stake due to this situation.
German Espinosa, President of the Colombian Chamber of Petroleum Services (Campetrol) spoke about oil activities in Colombia, the care of the environment and the industry’s contributions to the regions and the economy of Colombia.
Colombia was accepted to join the exclusive Organization of Economic Cooperation and Development (OECD). This means opportunities and obligations for the country with implications for investors.
After a few months of reporting on fuel smuggling and theft, our periodic security report reflects a worsening situation with the ELN and Farc dissidents. But things are still better than they were two years ago.
The Ministry of Mines and Energy (MinMinas) reported gas production figures for April 2018. Gas has been showing a recovery compared to figures of last year.
The Ministry of Environment (MinAmbiente) announced changes to the Manual of Environmental Compensation for large projects. This document is vital for the extractive sector, as it is the guide to compensation in environmental and ecological issues.