Colombia
News
October 16, 2024
Perenco Colombia successfully completed drilling of three new development wells on the Paravare and Chaparrito fields at Casanare, onshore Colombia, identifying large oil discoveries.
News
October 04, 2024
Petrobras has confirmed a significant gas discovery in Colombia's Guajira offshore basin, estimating the potential reserves at around 6 Tcf.
News
October 04, 2024
Colombia’s Ecopetrol SA discovered an offshore natural gas deposit that could potentially produce up to 800 MMcfgd, according to Chief Executive Officer Ricardo Roa.
News
September 15, 2024
Set to face a shortfall of natural gas at the start of next year, Colombia’s hopes are riding on the future potential of its deepwater wells. Ecopetrol’s offshore chief, Elsa Jaimes, said in an interview last month that production from Caribbean waters could come online as early as 2029, depending on approvals from local communities and securing environmental licenses.
News
August 29, 2024
The deal was “fundamental” to the Colombian oil producer’s future and without the resources it would have provided, its finances will deteriorate, Juan José Echavarría and Luis Alberto Zuleta wrote in their resignation letter, which is dated Aug. 30 but has already been published by local media.
News
August 05, 2024
Petrobras achieved the main target of the Uchuva-2 well, confirming the extent of the natural gas discovery made in 2022 while drilling of the Uchuva-1 well. This well adds relevant information for the development of a new frontier of exploration and production in Colombia, reinforcing the volumetric potential for natural gas in the region.
News
August 01, 2024
Occidental Petroleum Corp. and Ecopetrol SA are gearing up to plumb the depths of Colombia’s Caribbean waters in search of oil and gas. The plan is to drill the Komodo-1 well before the year is out in seas roughly 3,900 m (close to 13,000 ft) deep. That’s equal to about 10 Empire State Buildings stacked on top of each other and would shatter the current water-depth record holder in Angola.
News
July 31, 2024
Ecopetrol is planning to spend $300 million this year — the most it has invested in offshore drilling in any year — as it pushes to produce more natural gas and get it to consumers in fewer than the 10 to 15 years it normally takes to bring to market, according to Elsa Jaimes, the company’s offshore chief.
News
May 24, 2024
Colombia is targeting oil productiton of 1 MMbpd by pressuring drillers to step up activity in underused exploration blocs, according to the nation’s top energy official.
News
April 18, 2024
The exploration well started at a production rate of 5 MMcfd for 2 hours at a choke 29/128” and a THP of 2290 psi. The choke at the final rate was 36/128” and a THP of 2260 psi. The exploration well continued to produce at a rate of 12 MMcfd over 29 hours with a stabilized THP of 2260 psi.
News
April 10, 2024
Colombian President Gustavo Petro said the oil and gas would be developed in Venezuelan fields near the Colombian province of Norte de Santander, while electricity would be provided from La Guajira province on Colombia’s Caribbean coast.
News
March 28, 2024
The well started at a production rate of 4 MMcfd for 6 hours at a choke 21/128”. The rate was subsequently increased to 6 MMcfd and 8 MMcfpd for 6 hours and 24 hours, respectively. The well was tested at a rate of up to 10 MMcfpd at choke of 30/128” and is now producing into the Jobo gas treatment plant.
News
March 14, 2024
The fight over the future of Ecopetrol — Colombia’s largest company — underscores the rifts that are arising over Petro’s push to eliminate the country’s dependence on oil and gas, which has major implications for its economy and finances.
News
February 22, 2024
Officials said Thursday that they are now reevaluating the discovery, named Orca-1. In the processes of working to verify its size, Ecopetrol found two previously unknown natural gas deposits, raising hopes that the country will still be able to expand its offshore gas production.
Article
December 2021
Latin America’s oil industry needs greater political stability to keep growing
