ACP as a source of information
Source: Portafolio – National
Author: Francisco Lloreda Mera
Date: October 10
Headline: Efficiency in engines, key to reducing emissions
Global oil demand will increase from 95 to 106 million barrels per day between 2017 and 2040, which means it will rise by 11.51%, despite an increase of 80% in the number of cars (passenger, sports, and SUVs) that will reach 2 billion. The difference is explained by the efficiency in combustion engines, which would translate into a savings of 9 million barrels per day, and the increase in alternative sources – electricity, biofuels, and natural gas – which is expected to allow for an additional savings of 7.5 million barrels daily. (…) This context is key when looking at Colombia, especially regarding the demand for hydrocarbons by the transportation sector. According to the Mining and Energy Planning Unit, UPME, the fuel demand in our country in 2017 was 385,934 barrels per day, of which 58,554 were imported (151%). It was reported in: portafolio.co (October 09).
Source: El Tiempo – National
Date: October 10
Headline: Exploration is not enough: oil companies
So far this year, 30 wells have been drilled in Colombia, and it is expected to reach 48 by December, according to the report from the Colombian Petroleum Association (ACP) yesterday. Thus, the levels remain the same as in 2018. At the same time, 1,426 km of seismic data have been recorded, exceeding the 2019 target, «but it continues to be insufficient for the activity that the country requires.».
Source: La República – National
Date: October 10
Headline: 2019There are 50 oil projects in limbo. The Colombian Petroleum Association revealed that there are 50 contracts suspended due to extensive procedures and social issues. It was reported in: larepublica.co (October 10).
Source: La República – National
Date: October 10
Headline: Bureaucracy puts 50 oil projects in limbo
The investment environment in the oil industry continues to recover, despite ongoing challenges in exploration and production. This could be one of the conclusions of the latest economic report ‘Advances and Perspectives for Oil and Gas Exploration,’ which concluded that there are 50 projects in limbo due to social conflicts, extensive procedures, and public order issues. The study, conducted by the Colombian Petroleum Association (ACP), revealed that this high number of suspended projects represents investments of up to US$1.7 billion. According to the association, this amount is frozen due to external variables affecting the business environment. (…) According to the analysis, based on information from oil companies and the National Hydrocarbons Agency (ANH), it is estimated that exploratory drilling this year will reach 48 wells. If this estimate is met, the association stated that there would be a negative deviation of 121% compared to what was initially planned with 55 wells. It was reported in: larepublica.co (October 10).
Source: Portafolio – National
Date: October 10
Headline: There would be 27,000 million barrels of crude oil underground
The Colombian Petroleum Association reiterates that the exploration range must be expanded in order to access these oil and gas reserves to extend years of self-sufficiency. It indicates that US$7,000 million is needed for this task. In terms of oil self-sufficiency, the country has many more barrels of crude and gas to extract from underground reservoirs than previously calculated. (…) “It should be made clear that in the development for hydrocarbon production, there is no point of comparison with Mexico or Brazil, but the country has very important potential in both onshore and offshore reservoirs, and new operational fronts could be opened,” emphasized Luis Miguel Morelli, president of the ANH. For his part, Francisco José Lloreda, president of the Colombian Petroleum Association (ACP), pointed out that the entity's prospectivity records are based on geological studies (geophysical and geochemical) which are contrasted with statistical analyses. He replied in: portafolio.co (October 09).
Source: El Colombiano – Regional
Date: October 10
Headline: The challenges of the oil sector to reactivate its activity
The oil sector is seeking mechanisms to strengthen and reactivate itself for the next year. Although recent reports show progress in the sector, there are aspects that are preventing greater production. Francisco Lloreda, president of the Colombian Petroleum Association (ACP), stated that there are structural problems and that it is necessary to rethink the execution mechanisms in order to make exploration and extraction procedures more efficient. (…) The ACP celebrated the work done by the National Hydrocarbons Agency, within the framework of the second auction of Permanent Allocation Processes in which there are 59 available areas, of which two are offshore and which is one of the most ambitious in recent years.
Source: El País – Regional
Date: October 10
Headline: The challenges of the oil sector
The oil sector, one of the engines of the country's economy, is seeking mechanisms to strengthen and reactivate itself for the next year. Although recent reports show progress in the sector, there are aspects that are preventing greater production. Francisco José Lloreda, president of the ACP, Colombian Petroleum Association, stated that there are structural problems and that it is necessary to rethink the execution mechanisms in order to make exploration and extraction procedures more efficient. (…) Likewise, the ACP celebrated the work done by the National Hydrocarbons Agency, ANH, within the framework of the second auction of Permanent Allocation Processes in which there are 59 available areas, of which two are offshore and which is one of the most ambitious in recent years. He replied in: elpais.com.co (October 10).
Source: Vanguardia Liberal – Regional
Date: October 10
Headline: Oil wells
The Colombian Petroleum Association, ACP, reported that to date, 30 oil and gas exploration wells have been drilled. It is estimated that by the end of the year, a total of 48 wells will be completed, a figure that would represent 12% less than estimated (55). He replied in: The Meridiano de Córdoba (October 10), The Meridiano de Sucre (October 10).
Source: Caracol Radio – National
Date: October 10
Source: La W Radio – National
Date: October 10
Headline: The ACP, which is the Colombian Association of Petroleum, projects a decrease of 12% in well exploration
Source: latinpymes.com – National
Date: October 10
Headline: Oil companies have 700 million dollars in paralyzed contracts in Colombia
The oil companies operating in Colombia have around 700 million dollars pending for investment due to contracts suspended because of conflicts with communities, delays in environmental procedures, prior consultations, and court orders, the main industry association reported on Wednesday. This amount is part of a total of 4.950 billion dollars that oil companies plan to invest this year, 14% more than in 2018. The Colombian Association of Petroleum (ACP) stated that there are 50 projects halted. 32% corresponds to issues of social conflict and community resistance, 22% to delays in environmental procedures, another 22% due to public order issues, 16% due to court rulings, and the remaining 8% due to prior consultation processes.
Source: llaneraradio.com – Regional
Date: October 10
Headline: Sector reactivation is progressing, but challenges in exploration persist: ACP.
The Colombian Petroleum Association (ACP) presented the economic report ‘Advances and perspectives for oil and gas exploration 2019’, which highlights the work done jointly by the Government-industry for the reactivation of the sector, while drawing attention to the exploration behavior that does not show the expected signs of reactivation so far this year. (…) Among the advances to date, the implementation of the Permanent Area Assignment Process (PPAA), the issuance of the contractual minutes for offshore areas, and the signing of five exploration and production contracts stand out; the greater regional presence and support of the National Hydrocarbons Agency (ANH). In turn, the Commission of experts for unconventional reservoirs recommended starting exploration through Comprehensive Pilot Research Projects (PPII) and the beginning of regulatory review to make the administration and assignment of E&P areas more competitive constitute options to identify and incorporate new reserves.
Source: Blu Radio – National
Date: October 09
Source: Caracol Radio – National
Date: October 09
Source: Caracol Radio – National
Date: October 09
Source: La W Radio – National
Date: October 09
Source: RCN Radio – National
Date: October 09
Source: Radio Nacional de Colombia – Regional
Date: October 09
Source: Red + Noticias – Regional
Date: October 09
Source: eltiempo.com – National
Date: October 09
Headline: Oil well drilling in 2019 remains the same as in 2018: ACP
In Colombia, 30 wells have been drilled to date and 48 are projected by December, according to what was revealed during the presentation of the report by the Colombian Petroleum Association (ACP) this Wednesday. Thus, according to what the guild expressed, the country «remains at the same levels compared to 2018. At the same time, 1,426 km of seismic (eq) have been recorded to date and it is expected that by the end of the year a total of 1,800 km (eq) will be reached; although what has been recorded exceeds the target set for 2019, it continues to be insufficient for the activity that the country requires.» (…) According to the information presented by ACP, among the advances to date, the implementation of the Permanent Area Assignment Process (PPAA), the issuance of the contractual minutes for offshore areas, and the signing of five exploration and production contracts stand out; the greater presence and regional support of the National Hydrocarbons Agency (ANH).
Source: elespectador.com – National
Date: October 09
Headline: At the current pace of oil activity, it will take 100 years to extract crude oil
So far this year, 30 wells have been drilled and, as well as the industry is doing, it will match last year's figure, which was 48. This represents a drop of 12.1% compared to the forecasts for this year of reaching 55 exploratory wells. The Colombian oil industry is stagnant, despite the efforts of the Government and the oil multinationals operating in the country. If exploratory activity continues at the pace it is currently showing, it is possible that “more than 100 years will be required to extract” the hydrocarbons contained in the Colombian subsoil, according to a report from the Colombian Petroleum Association (ACP). Figures from the National Hydrocarbons Agency (ANH) indicate that the country has estimated prospective resources of 27 billion barrels of oil equivalent, of which 7 billion barrels could be recoverable. (…) However, the oil guild estimates that progress is needed in the different geological frontiers on land, in conventional and unconventional reservoirs, and offshore.
Source: larepublica.co – National
Date: October 09
Headline: The ACP estimates that this year the country will reach 48 explored oil wells
The Colombian Petroleum Association (ACP) announced the advances and prospects for oil and gas exploration in 2019. In its conclusions, it established that it is estimated that this year a total of 48 wells will be explored, a figure that would represent 121% less than estimated (55). According to the report, 30 wells have been drilled to date. At the same time, 1,426 kilometers of seismic have been recorded and it is expected that by the end of 2019, 1,800 kilometers will be reached. «The levels of exploration that we continue to see are what we harvest from previous years, when areas were not assigned and there were delays in procedures that slowed down projects. Although reserves produced in the last decade have not been replenished, less than 1% comes from new discoveries and resources in existing fields are depleting,» explained Francisco Lloreda, president of the ACP.
Source: dinero.com – National
Date: October 09
Headline: Colombia needs to do more oil exploration
The Colombian Association of Oil (ACP) released a report on the advances and prospects for oil and gas exploration. It states that the country needs to increase the search for hydrocarbons to ensure energy self-sufficiency. So far in 2019, 30 wells have been drilled for exploration purposes. It is expected that by the end of this year the figure will reach 48 (the same level as the previous year), 12% less than what was projected at the beginning of the year. (…) This means that while the reactivation of the sector is progressing, it is not doing so at the desired speed, so it is necessary for the Government to review several regulatory aspects that allow for fully leveraging the geological potential of the country, which according to the ANH, is close to 27 billion barrels. It should be clarified that this figure does not include the potential in unconventional reservoirs.
Source: laopinion.com.co – Regional
Date: October 09
Headline: The challenges of the oil sector to reactivate in the country
The oil sector, one of the engines of the country's economy, is seeking mechanisms to strengthen and reactivate for the next year. Although recent reports show progress in the sector, there are aspects that are preventing greater production. In a press conference, Lloreda stated that there are structural problems and that it is necessary to rethink the execution mechanisms in order to make exploration and extraction procedures more efficient. In its most recent report, which compiles the advances and perspectives gathered over the past year, the ACP states that, to date, 30 wells have been drilled, but the goal is to close the year with 48, which would yield a productive performance practically equal to that of last year. (…) Likewise, the ACP celebrated the work done by the National Hydrocarbons Agency, ANH, within the framework of the second auction of Permanent Allocation Processes in which there are 59 available areas, of which two are offshore and which is one of the most ambitious in recent years.
Source: eluniversal.com.co – Regional
Date: October 09
Headline: The challenges of the oil sector to reactivate in the country
The oil sector, one of the engines of the country's economy, is seeking mechanisms to strengthen and reactivate for the next year. Although recent reports show progress in the sector, there are aspects that are preventing greater production. In a press conference, Lloreda stated that there are structural problems and that it is necessary to rethink the execution mechanisms in order to make exploration and extraction procedures more efficient. (…) Likewise, the ACP celebrated the work done by the National Hydrocarbons Agency, ANH, within the framework of the second auction of Permanent Allocation Processes in which there are 59 available areas, of which two are offshore and which is one of the most ambitious in recent years.
Source: caracol.com.co – National
Date: October 09
Headline: Colombia could take 100 years to develop its oil potential
Colombia could take about 100 years to develop its oil potential if the current pace of 50 exploratory wells per year is maintained, said the president of the ACP, Francisco José Lloreda. He revealed that the potential the country has is on the order of 27 billion equivalent barrels of oil and gas yet to be found. According to the leader, Colombia currently has oil reserves of 1,597 barrels that last for a maximum of 6.2 years and explained that only 20% of the replacement has been from new discoveries.
Source: rcnradio.com – National
Date: October 09
Headline: Oil sector: this year the country would reach 48 explored wells
The Colombian Association of Oil (ACP) says that there are currently 50 projects that are pending. During the presentation of the economic report ‘Advances and prospects for oil and gas exploration’, the Colombian Association of Oil (ACP) highlighted that by the end of this year it is estimated that a total of 48 explored wells will be reached, reflecting a 12% less than estimated, as 55 were initially projected. The report details that at this moment there are 50 projects that are pending. Although some have already been unblocked since there were initially 62, the guild called for continued work in this area.
Source: dataifx.com – National
Date: October 09
Headline: In 2019, exploration shows no signs of expected reactivation: ACP
This Wednesday, the Colombian Petroleum Association (ACP) published the economic report ‘Advances and Perspectives for Oil and Gas Exploration 2019”. The oil guild raised a warning about the exploration behavior that does not show the expected signs of reactivation so far this year. (…) The national government is aware of this, which is why we have been working and important decisions have been made to encourage exploration, the fruits of which we hope to see in the medium term,” said the president of the ACP, Francisco José Lloreda Mera. Among the advances to date, the implementation of the Permanent Area Assignment Process (PPAA), the issuance of the contractual minutes for offshore areas, and the signing of five exploration and production contracts stand out; the greater presence and regional support of the National Hydrocarbons Agency (ANH).
Source: redmas.com.co – Regional
Date: October 09
Headline: Oil exploration is progressing very slowly in Colombia
Despite advances in area assignment, new offshore projects, and the support of the National Hydrocarbons Agency, oil exploration in Colombia is very low. Sector companies say that the government has taken correct measures, but insist that they are not enough and that more legal security is needed. The level is considered very low, and with additional measures, a structural backlog in oil activity could be overcome. And although the priority is to explore in areas where work is being done, there are other basins with great potential, but more incentives and fewer procedures are needed. According to the ACP, greater exploratory activity translates into resources to prolong energy self-sufficiency and fiscal sustainability.
Source: gerente.com – National
Date: October 09
Headline: «Oil reserves are running short»: Colombian Petroleum Association
According to the report presented by the ACP, exploration shows poor results so far this year and calls for the implementation of more measures to help incentivize the sector's competitiveness. Although the national government has launched different alternatives to reactivate the exploration sector and the reactivation of the oil and gas industry, concrete actions have still not yielded the expected results, and there is an apparent stagnation. (…) The report states that Colombia has geological potential. According to the National Hydrocarbons Agency (ANH) Resource Assessment, it is estimated that the country has prospective resources estimated at around 27 billion barrels of oil equivalent (not counting the potential of Unconventional Reservoirs). Of these, according to the Agency, 7 billion barrels could be recoverable.
Hydrocarbons Sector
Regional News
Source: meridiano70.co
Date: October 09
Headline: Governor of Arauca was appointed delegate of the governors to CONPES
The National Council of Economic and Social Policy (Conpes) is an advisory body of the Government on economic and social development matters. A new good news was announced by the governor of Arauca, Ricardo Alvarado Bestene, informing that he was appointed by the National Federation of Departments -FND- as the delegate of the governors to the National Council of Economic and Social Policy (CONPES). (…) The governor of Arauca is also a member of the -ADRES- Administrator of the Resources of the General System of Social Security in Health; General Royalty System -SGR- and the Road Safety Committee.
Source: eldiariodelllano.com
Date: October 09
Headline: «Demand for disqualification is a strategy of my main contender»: Salomón Sanabria
Again, the candidate for the Governorship of Casanare, Salomón Sanabria, referred to the persistent publications, broadcasts, and viral content on social media and paid media, where a supposed disqualification is discussed, based on distorted arguments in a lawsuit that is clearly one more of the dark campaign strategies being used by the opponents, since within the framework of the law and jurisprudence, it has no real effect, nor does a simple internal resolution of the party imply disqualification, because it is not superior to what is explicitly and literally stated in law 617, art. 30, numeral 5, which clearly defines the scope of disqualifications.
Colombian Association of Oil and Gas