Oil: how viable is it to reactivate the 32 suspended contracts – Sectors – Economy
The Minister of Mines and Energy, Irene Vélez, It has stated on several occasions that in order to increase the reserves and production of natural gas and oil in Colombia, the focus will be on reactivating the 32 contracts that are currently suspended and on improved recovery. By giving priority to these two fronts, there would be no need to award new contracts for exploration and production, according to the minister. However, from the Colombian Association of Oil and Gas (ACP) they assure that this would not be as viable as has been said and it would not give the…
