The NOC confirmed that it discovered crude in the Flamencos-1 well, located in Puerto Wilches (Santander).
The modifications to the General System of Royalties (SGR) announced by President Duque earlier this year, are two debates away from being approved.
María Luisa Chiappe, President of the Colombian Association of Large Energy Consumers, (Asoenergía), spoke about natural gas imports, forced purchase of renewable energies and the country’s energy competitiveness.
The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for September 2019. Working and contracted rigs increased compared to same period last year.
The development of Research Pilot Projects (PPII) will be vital for authorities to decide on the future of fracking, as they will provide information on the impacts of this technique in the country.
While in its June report, the International Energy Agency (IEA) acknowledged Colombia’s positive performance, improving its projections in terms of oil extraction for 2019, the Agency lowered this projection in its most recent report.
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