GTE to invest heavily in Colombian oil production
U.S. company Gran Tierra Energy (GTE) allocated the majority of its 2010 budget to exploration and production of hydrocarbons to Colombia. In total it will invest US$129.3 million, 66.3% of…
U.S. company Gran Tierra Energy (GTE) allocated the majority of its 2010 budget to exploration and production of hydrocarbons to Colombia. In total it will invest US$129.3 million, 66.3% of…
Colombian state-run oil company Ecopetrol has set an output target of 600,000 barrels a day (bpd) of crude and gas and will invest around US$6.92 billion next year, the company…
Colombia’s oil production reached 725,000 barrels per day (bpd) in November, Mines and Energy Minister Hernan Martinez said Thursday. The government expects investment in its oil sector to exceed US$3.5…
Colombia announced that foreign investment in its oil sector will exceed US$3.5 billion next year, up from US$3.4 billion in 2009. Colombia’s oil production is forecast to reach 700,000 barrels…
APCO Oil and Gas announced Monday that it has signed two agreements to begin production and exploration in Colombia. The petrochemical company has acquired a 50% working interest in the…
Colombia’s national oil company, Ecopetrol SA, announced an agreement Friday with Reliance Industries, India’s biggest company by market value, to jointly explore deepwater blocks in Colombia. The exploration will take…
Colombia on Wednesday opened the process of awarding oil-exploration and production rights at 168 sites across the country, known as Open Round Colombia 2010. The areas under auction include 74…
Colombia’s oil industry will attract about US$3.5 billion in 2009 from foreign investors, roughly the same amount as last year, Armando Zamora, the head of Colombia’s government oil-licensing agency, or…
Colombia expects its oil production to rise to above 800,000 barrels per day next year thanks to output from new fields and technology applied to existing projects, the government said…