Colombia ///

Colombia seeks $1 billion Ecopetrol dividend, amid massive civil unrest

Colombia is seeking an additional payout of almost $1 billion from its oil company Ecopetrol S.A. as it faces increased spending pressure amid massive anti-government demonstrations.

Ecopetrol logs results in near-field exploration efforts

Ecopetrol reports that the Flamencos-1 well, located in Puerto Wilches, confirmed presence of crude oil in the La Paz formation.

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

Ecopetrol deploys subsea exploration drones off La Guajira peninsula

Ecopetrol will employ unmanned underwater gliders to navigate an extensive area of the Colombian Caribbean to acquire information related to physical-chemical variables of the ocean.

Colombia’s Ecopetrol reports profit growth despite falling commodity prices

Ecopetrol recorded net profits of $ 6.2 billion in the first half of 2019, the highest since 2013 for the first half. Profits grew 1.6% while the price of Brent crude decreased 7% in that period.

‘Deliberate action’ in Colombia ignites 2,600 bbls of crude, hinders firefighters’ efforts

Ecopetrol and Cenit report that unidentified individuals deliberately set fire to four temporary crude oil retention pools containing 2,600 barrels of oil in the Colombian municipality of Arauquita, Arauca.

Weatherford wins Colombian 3,000 well production optimization contract

Under the newly signed contract, the company will provide all maintenance and services for the software platform for five years, as well as all technical and production services required to allow Production Performance Management.

U.S. sanctions on Venezuela are a blessing to Colombian oil

U.S. Gulf refiners are bidding up prices for Colombian crude amid sanctions on Venezuelan imports, historically one of America’s top oil suppliers.

Colombia plans Mexico-style oil hedge after recent volatility

Colombia is planning to hedge its oil exports to protect the government from the violent swings in revenue it suffered in recent years.

Amerisur Resources spuds Pintadillo-1 well, in Colombia

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, has announced that the spudding of Pintadillo-1, in the central part of the Platanillo Block, using Rig D-10, occurred on Aug. 30, 2018.

Frontera Energy Corp. announces positive drilling results in Colombia

Frontera Energy Corporation has announced positive drilling results from the Acorazado-1 well located on the 100% owned and operated Llanos 25 block onshore Colombia. As a result, the well is being cased in preparation for testing.

Ecopetrol announces new oil finding at Cundinamarca, Colombia

Ecopetrol reports that Búfalo-1 well confirmed the presence of oil in the Valle Medio del Magdalena, located near the town of Guaduas, Department of Cundinamarca.

Regional Report: Latin America Is Latin America’s fragile market cracking under pressure?

Emily Querubin, World Oil

Despite the rise in crude prices, many Latin American countries are still grappling with considerable debt and declining production rates.

SNC-Lavalin awarded engineering contract by Ecopetrol in Colombia

SNC-Lavalin has announced that it has been awarded a contract by Ecopetrol in Colombia for conceptual, basic and detailed engineering on high and medium-complexity projects through to 2020.

Packers Plus, Gran Tierra partner for improved resource development in Colombia

Packers Plus Energy Services Inc. is pleased to have partnered with Gran Tierra Energy to optimize well performance as the company advances its conventional development program in Colombia.

Lloyd’s Register chosen for major exploration drilling project offshore Colombia

Lloyd’s Register’s well management expertise is being used by Ecopetrol Costa Afuera S.A.S. (ECAS) of Ecopetrol, for offshore exploration drilling operations in 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.