Thanks to the development of new technologies such as fracking and offshore drilling, hydrocarbons reserves previously thought inaccessible are being exploited. Colombia’s experience in developing these resources is limited, though recent auctions of unconventional blocks could open the door to extra reserves of oil and gas. The incorporation of...
As economic miracles go, Colombia has some impressive supporting statistics but is still very much a work in progress. To go from being practically a pariah state to one of banking giant HSBC’s six most exciting emerging markets in a little over one generation almost defies belief. Yet international bodies such as the World Bank endorse that...
What is the significance to the oil industry in reaching the 1m barrels per day (bpd) production mark?
A combination of an improved investment environment from a security standpoint and rising international commodity prices have been the principal causes of the recent growth in the extractive industries. The booms experienced by the mining and hydrocarbons industries have in turn sparked a rapid increase in royalties collected and distributed to...
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