As of mid-2014 Colombia was on the verge of tapping its vast reserves of shale and offshore oil and gas. Exploiting these resources will help the country’s hydrocarbons sector tackle its two primary challenges: low reserves and limited production growth. Despite its position as one of the world’s leading producers, Colombia has an extremely low reserves-to-production...
Colombia Energy
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Articles & Analysis | The sector is increasingly turning to unconventional sources from The Report: Colombia 2014
Interviews & Viewpoints | OBG talks to Javier Betancourt, President, National Hydrocarbons Agency (ANH) from The Report: Colombia 2014
The ANH hopes to raise $2.6bn with the 2014 oil round. How confident are you that this will happen?
Chapter | Energy & Utilities from The Report: Colombia 2014
In the past 10 years, Colombia has emerged as one of Latin America’s leading hydrocarbons producers. With just over 1m barrels per day of production in 2013, Colombia trailed only Mexico, Venezuela and Brazil in the region. On a relative basis, natural gas production, at 1.2bn cu feet per day, is more modest, but has also grown every year but one since 2003. With one of the lowest reserves-to-...
Despite instability associated with the global mining and hydrocarbons sectors, Colombia displays stable economic growth amidst a regional slowdown, in large part a result of economic liberalisation, free trade agreements and entry to a variety of trade blocs. After recording 6.6% growth in 2011 and 4% in 2012, Colombia saw a slowdown in the first half of 2013, but the economy regained momentum by the end of the year.
El objetivo de alcanzar la ambiciosa meta de una producción de crudo de barriles de 2,5 m2 por día (bpd) para el 2018 parece más difícil para Colombia debido a los estancamientos en los índices de producción. A pesar de que en el 2013 se superó la producción de barriles de 1 m2 por día (bpd), el Ministerio de Hacienda y Crédito Público actualizó recientemente su pronóstico para el 2014 a 981.000 bpd de su predicción de 1,1 m2 bpd de un año atrás.
Si bien la industria petrolera de Colombia superó las expectativas de crecimiento durante el año 2013 debido al aumento de la producción en un promedio superior al millón de barriles por día (bpd), el número de pozos exploratorios perforados el año pasado no alcanzó las expectativas.