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Economic report YNC November

Unconventional Reservoirs: opportunity for future fiscal income of $1.5 trillion annually

Press Releases /

The development of Unconventional Reservoirs (YNC) would represent an opportunity for Colombia to generate fiscal revenues of 1.5 trillion pesos annually in taxes, contractual economic rights, dividends, and royalties, during the useful life of a typical project. This is stated in the most recent economic report prepared by the Vice Presidency of Economic and Regulatory Affairs of the ACP, which presents an analysis of the economic benefits that the eventual development of this type of reservoir with fracking technique would bring in the future.

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Briefs Other

Hydrocarbon companies, leaders in environmental and social management

Edition No. 22 /

Four companies in the hydrocarbons sector received the Recognition for Significant Environmental and Social Management Experiences from the Ministry of Mines and Energy and the National Hydrocarbons Agency, thanks to their contributions to the transformation of territories through environmental and social management processes.
These companies led the categories of Labor Management, Supply Chain, Social Investment, and Social Conflict Management.

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Regional Meetings

Hydrocarbon industry begins the “Regional Meetings: united for sustainable development”

Press Releases /

The Colombian Petroleum Association (ACP) and the Colombian Chamber of Oil Goods and Services (Campetrol) joined forces to hold the “Regional Meetings: united for sustainable development” with the aim of fostering a dialogue space around issues of special importance in hydrocarbon-producing regions, and with the participation of different institutions and social actors.

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Machin Amanecer Oil

The oil resurgence, vital for the Government's urgent need for money

In the Media /

In the midst of the formulas that the Government is considering to present a financing law to Congress, to balance the resources of the General Budget of the Nation for 2019 and cover at least 14 of the 25 trillion pesos of additional needs of the ministries after the arrival of the new administration, the oil sector returns to the scene as a key source of resources for the treasury.

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Fracking A Necessary Debate Eltiempo

‘Fracking’, a necessary debate

Press Releases /

Beyond the energy self-sufficiency that the country has had since 1986 (after the development of the Caño Limón field) and that is now evident in everyday situations such as filling up the car, turning on the stove to prepare breakfast, heating water for bathing, or turning on the air conditioning, the oil and gas sector has become one of the main sources of resources for the country's development.

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