Tuesday, June 4, 2019 marks the first block assignment process since July 2014, nearly five years ago. Much has happened and oil prices – a primary determinant of investment and so participation – are still well below where they were during the last auction. Here is the announced list of qualified participants.
Ecopetrol announced its financial and operational results during the first quarter of 2019, with positive results. The company is the main player in the Colombian oil sector, but how much does its direct production represent in the total extraction of the country?
CEO Felipe Bayón confirmed that the NOC started the first phase of its fracking pilot project, and is ready to start phase two.
Colombia continues to discuss the possible implementation of unconventional techniques, while the current oil and gas reserves levels generate concerns in the hydrocarbon sector. Alberto Leal Niño, Chairman of the Board of Directors of the Colombian Association of Petroleum Engineers (ACIPET), spoke on this subject and international experiences in countries such as Poland.
The union spoke about its latest legal battle with the NOC’s management, among other issues. Here are the details.
Promigas is building a pipeline for Canacol Energy (TSX: CNE) and this project is progressing quickly. Promigas representatives spoke about the second stage of this important project and its possible delivery date.
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