Arrow Exploration Corp V.AXL

Government to evaluate oil and gas contracts

[EagleHasLanded]

The minister, Jos? Antonio Ocampo, explained that the delivery of new permits could be given after a new review of the titles that exist today.

 

https://www.larepublica.co/economia/gobierno-evaluara-180-contratos-actuales-de-hidrocarburos-antes-de-dar-mas-titulos-3493065

[gamer007]

Yes .....this is material as Arrow has been actively working with the regulator to get the Oso Pardo extension.....................a very sweet shallow oil pool, which could contribute 4000 BOE per day. Aside from that ...............my back of the envelope production target for Dec. 2023 is approx. 5000 BOE per day, a double from here.......... which I have been told is achievable

[EagleHasLanded]

The Government will seek to reactivate more than 30 hydrocarbon exploration contracts   https://www.larepublica.co/economia/el-gobierno-buscara-reactivar-mas-de-30-contratos-de-exploracion-de-hidrocarburos-3497736   Oil still matters in Colombia!

[EagleHasLanded]

Hydrocarbon production will continue to be the main source of royalty generation   Thus, and in the midst of the controversy as to whether oil exploration contracts will continue to be signed, the Minister of Finance, Jos Antonio Ocampo , calmed down the spirits and ratified that with the approval in Congress of the National Development Plan, it is contemplated that Hydrocarbon production

[EagleHasLanded]

The Ministry of Mines assured that with the current contracts Colombia has oil and gas reserves to be self-sufficient and even to export   Finally, in the balance it is concluded that, of 118 contracts that are in full execution , with follow-up by the ANH, there are 110 that have a completion date for their exploration stage starting this year and up to 2032. "Contractors can request

[EagleHasLanded]

BOGOT , Dec 17 – Colombia will seek to increase its oil production by 15% to around 860,000 barrels per day with improved recovery technologies in the fields, even while promoting an energy transition and decarbonization policy that includes reducing crude oil exploration said the Minister of Mines and Energy.   https://es.euronews.com/2022/12/17/colombia-energia