Colombia reworks O&G contracts

Colombia reworks O&G contracts

Economy & Policy Energy Regulation Colombia

Colombia's oil and gas industry has taken steps to award its first blocks in four years and to convert nine offshore exploration contracts into production contracts. Last week, the national hydrocarbons agency ANH approved a new model for the awarding of oil and gas exploration and production contracts. Through the approval, the agency has given the green light to award 20 blocks that were announced to hold high reserve potential in December. Two of the blocks are located offshore. An exact da

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