Improved Policy Measures Driving Oil
And Gas Industry Growth in Colombia
Reference Code: GDGE0620VPT
Publication Date: FEB 2010
Energy Viewpoint GDGE0620VPT / Published FEB 2010
© GlobalData. This brief is a licensed product and is not to be photocopied
Source: www.energyetrack.com Page 1
Table of Contents
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 4
2 GlobalData Viewpoint 5
2.1 Summary 5
3 Improved Policy Measures Driving Oil & Gas Industry Growth in Colombia 5
3.1 Resurging Colombian Oil and Gas Industry: Improved Policy Measures Yielding Results 6
3.2 Increasing Exploration Activities and New Licensing Rounds Will Enhance Oil & Gas Production 8
3.2.1 Open Round Colombia 2010 9
3.3 Increasing Investments Will Pave Way For Colombia To Emerge As A Major Oil & Gas Player
Globally 12
4 Recent Developments 13
4.1 License Rounds 13
4.1.1 Jan 28, 2010: ANH Open Round Colombia 2010 Arrives In Calgary 13
4.1.2 Dec 02, 2009: Colombia Begins Process Of Awarding Oil Exploration Rights 13
4.2 Recent Discoveries 14
4.2.1 Jan 29, 2010: Ecopetrol Discovers Hydrocarbons At Tempranillo North-1 Well In Pijao-Potrerillo Area,
Colombia 14
4.2.2 Jan 25, 2010: Pacific Rubiales Energy Announces Oil Discovery At Quifa-14 Well In Quifa Block,
Colombia 14
4.2.3 Dec 17, 2009: Ecopetrol Confirms Hydrocarbons Presence At Rancho Hermoso-5 Well, Colombia 14
4.2.4 Dec 07, 2009: Alange Energy Announces New Discovery At Careto-5 Well In Llanos Basin, Colombia
15
4.3 Drilling and Production Updates 16
4.3.1 Feb 01, 2010: Petroli