Colombia ///

Oil & Gas in the Capitals

Mauro Nogarin, Contributing Editor

Notwithstanding Latin America’s limited economic growth, exploration investments are the common denominator in the region’s major oil and gas plays.

Interoil issues drilling update on Vikingo-1 exploration well in Colombia

Interoil Colombia E&P and SLS (strategic partner) finished the drilling of the exploratory well Vikingo-1 on May 9th, down to a final depth of 5,936 ft in the Paleozoic basement.

Regional Report: Latin America

Emily Querubin, World Oil

Latin America schleps forward on its quest for recovery

GeoPark makes discovery in Llanos 34 Block, Colombia

GeoPark Limited, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru, has announced new drilling successes in the Llanos 34 Block (GeoPark operated with a 45% working interest), in Colombia.

GeoPark successfully drills Tigana 4 well in Colombia

GeoPark Limited has announced the successful drilling and testing of the Tigana 4 development well, at a rate over 3,200 bopd in the Tigana oil field in the Llanos 34 Block (GeoPark-operated, with a 45% working interest) in Colombia.

Canacol Energy doubles natural gas drilling activity in Colombia

Canacol Energy has revised its capital plan for 2016. The new capital plan accelerates the corporation's natural gas opportunities in Colombia, with three new gas wells.

Regional Report: Latin America

Emily Querubin, World Oil

Despite the industry downturn, regionwide potential drives E&P forward

Analyst who called Pacific E&P crash has a new Colombia oil bet

Ian Macqueen, the analyst who called Pacific Exploration & Production’s downfall, has a new buy recommendation for investors looking to benefit from Colombia’s oil potential.

Pacific instructed to suspend operations at Quifa Block in Colombia

Pacific Exploration & Production Corp. has announced that the company was formally notified of the Colombian Constitutional Court's decision instructing the company to suspend operations within two km of the border of an indigenous community known as "Vencedor Piriri," encompassing a portion of Quifa Block.

CGG wins survey extension offshore Colombia

CGG has been awarded an extension to a major 3D seismic survey it successfully completed on the Caribbean coast offshore Colombia in late 2015.

Ecopetrol taking over Rubiales operations from Pacific in 2016

Ecopetrol SA said it will take over the operation of the Rubiales field, Colombia’s largest, at the end of its contract with Pacific Exploration & Production Corp. in mid-2016.

Canacol negotiates gas sales as it triples Colombia output

Canacol Energy Ltd., a natural gas explorer in Colombia, is negotiating new supply deals as it steps up drilling and expects to more than triple gas production in the Andean country by year-end.

New Jacana oil field discovery in Colombia

GeoPark Limited has announced a new oil field discovery following the drilling of exploration well Jacana 1, located on the Llanos 34 Block in Colombia.

GeoPark in new oil field discovery in Colombia

GeoPark Ltd. has discovered a new oil field following the drilling of exploration well Jacana 1, located on the Llanos 34 Block in Colombia. GeoPark operates and has a 45% working interest in the block.

GeoPark discovers new light oil field in Colombia

GeoPark Limited discovered a new oil field following the drilling of exploration well Chachalaca 1, located on the Llanos 34 Block in Colombia. GeoPark operates and has a 45% working interest in the block.

Anadarko finds gas in ultra-deep waters offshore Colombia

Anadarko Petroleum's Kronos-1 well has proved the presence of hydrocarbons in the ultra-deep waters of the Colombian south Caribbean area, Ecopetrol, a partner in the well, said.

Pilfering data shows stakes are high in Colombia offshore quest

Untapped offshore deposits are so important to Colombia’s flagging oil industry that some people aren’t waiting for the release of exploration results. Thieves made off with discs containing copies of seismic data belonging to Repsol SA and Canacol Energy Ltd.

Ecopetrol’s new strategy targets 870,000 bopd by 2020

Ecopetrol, the worst performing major oil stock in the past year, is scraping a high-growth strategy to focus on preserving margins and boosting reserves.

Ecopetrol profit drops 91% from year ago after crude price slump

Ecopetrol SA, Colombia’s state-controlled oil producer, said first-quarter profit fell 91% from a year earlier as the slump in oil prices weighed on the company.

Big oil remains interested in Colombia shale, minister says

Colombia sees at least two shale projects starting development this year, with Royal Dutch Shell and Exxon Mobil maintaining their interest despite a slump in prices.