ACP as a source of information
Source: La República – National
Date: March 05
Headline: Minambiente has the final word on unconventional deposits
The economic scenario for the country is very simple: with fracking or without fracking. And it is not only about the basic self-sufficiency of gas and all petroleum derivatives, but also about the revenues that these extractions represent for the state coffers. A good part of the social and economic country cannot continue to oppose the exploitation of unconventional deposits as a consequence of the global anti-fracking diplomacy developed by foreign interests unrelated to this continent, who are not interested in countries like Colombia, Mexico, Ecuador, or the United States being high producers of oil and gas and not having to depend on the cartel of crude oil prices from OPEC or Russia. (…) The Ministry of Mines and Energy has socialized the situation with academia, experts, and public entities, now the environmental, technical, and social procedures are ahead (…) Graphic. Benefits of fracking. Source: ACP. Responded in: larepublica.co (March 05).F
Source: El Nuevo Siglo – National
Date: March 05
Headline: Impact of the coronavirus crashes oil prices worldwide
Oil prices are falling amid fears of the spread of the coronavirus. Both WTI traded in New York and Brent from London are gradually decreasing as all markets feel the impact of the epidemic, which is also affecting the dollar. According to an analysis by the president of the Colombian Chamber of Oil Goods and Services (Campetrol), Germán Espinosa, “Colombia is not immune to the situation, and being a country dependent on oil revenues, we are very vulnerable to this situation. In the Financial Plan, the Government budgets 2020 with a Brent of US$60.5 per barrel…”. (…) Fracking would start in 2022. Awaiting advances in technical, environmental, and contractual regulations, the Colombian Petroleum Association (ACP) stated that if the projections in the pilots go well, which would start next year, the exploitation through fracking of gas and oil would begin in 2022.
Source: El Colombiano – Regional
Date: March 05
Headline: Fracking, the country's card to buy time?
Yesterday, almost at the same time that the General Comptroller of the Republic assured that Colombia has one year of self-sufficiency in natural gas left, the Ministry of Mines and Energy socialized decree 328 which sets the guidelines for carrying out fracking pilots – hydraulic fracturing – in the country (see Parenthesis). In the document disseminated by the mining-energy portfolio, it was defined that companies wishing to carry out these tests must submit the request to the National Hydrocarbons Agency (ANH) and meet the requirements for this purpose that both that entity and the National Environmental Licensing Authority (Anla) demand. (…) For his part, José Roberto Acosta, an economics professor at the National University, points out that fracking is a measure to “buy time” in the face of dwindling reserves and that the Government is overdue in accelerating the energy transition towards unconventional renewable sources. (…) Image. ABC of hydraulic fracturing. Source: ACP. Responded in: elcolombiano.com (March 04).
Source: El País – Regional
Date: March 05
Headline: Green light for fracking pilots in the country
Businessmen in the oil sector celebrated this week the publication by the National Government of the decree that gives the green light to the operation of pilot projects for hydraulic fracturing or ‘fracking’ in unconventional reservoirs. Although there is still no exact date for the start of drilling, this document allows the corresponding procedures to begin with interested companies. (…) In response, the Colombian Petroleum Association, ACP, issued a statement highlighting the importance of starting these pilot tests. “The projects will generate knowledge to evaluate the hydraulic fracturing technique with technical, objective, and measurable criteria, and validate the potential of these reservoirs,” said the Association in a statement. According to Francisco José Lloreda, president of the ACP, companies in the sector have already budgeted US$1.650 million for investment in this pilot stage. (…) The fracking projects that can be reactivated are in Cesar, Santander, Antioquia, and La Guajira, and are from Ecopetrol ConocoPhillips, Drummond, and Parex Resources.
Source: El Heraldo – Regional
Date: March 05
Headline: Fracking must be done responsibly: Bayón
President of Ecopetrol says more regulations are needed. ACP highlights the technical and scientific nature of the pilots. The development of unconventional reservoirs in Colombia “is an opportunity that must be realized responsibly,” said Felipe Bayón, president of Ecopetrol, to El HERALDO from New York, United States. The state oil company thus commented on the decree issued by the Ministry of Mines and Energy last Tuesday, whose content establishes the first steps for the Comprehensive Research Pilot Projects (PPII), with which the technical evaluation of hydraulic fracturing or fracking will be carried out. (…) The Colombian Petroleum Association (ACP), for its part, through its president Francisco Lloreda, said that decree 328 of February 28, 2020, is a step in the right direction and allows progress after 10 years of discussion in the country. Responded in: elheraldo.co (March 05).
Source: El Meridiano de Sucre – Regional
Date: March 05
Headline: Commercial exploitation would begin in 2022
With the regulation of the comprehensive research pilot projects (PPII), the oil sector will advance the processes and permits to start the «fracking» pilots next year in Colombia. This was warned by the Colombian Petroleum Association (ACP) stating that now the industry is waiting for the ministries of Environment and Health, as well as the National Hydrocarbons Agency (ANH), to issue the regulations that must be taken into account in social, environmental, health matters, among others. (…) Lloreda added that if these pilots move to the commercial exploitation stage, they could contribute a production close to 450 thousand barrels of oil daily and supply Colombia for 25 years. (…) The companies responsible for conducting the “fracking” pilots in the Magdalena Medio and the lower Cesar basin would be Ecopetrol, ConocoPhilips, Exxon Mobil, and Drummond, which will invest around 650 million dollars in them.
Source: El Meridiano de Córdoba – Regional
Date: March 05
Headline: Fracking exploitation would begin in 2022
With the regulation of the comprehensive research pilot projects (PPII), the oil sector will advance the processes and permits to start the «fracking» pilots next year in Colombia. This was warned by the Colombian Petroleum Association (ACP) stating that now the industry is waiting for the ministries of Environment and Health, as well as the National Hydrocarbons Agency (ANH), to issue the regulations that must be taken into account in social, environmental, health matters, among others. (…) Lloreda added that if these pilots move to the commercial exploitation stage, they could contribute a production close to 450 thousand barrels of oil daily and supply Colombia for 25 years. (…) The companies responsible for conducting the “fracking” pilots in the Magdalena Medio and the lower Cesar basin would be Ecopetrol, ConocoPhilips, Exxon Mobil, and Drummond, which will invest around 650 million dollars in them.
Source: La Nación – Regional
Date: March 05
Headline: Fracking pilots, in 2021
The Colombian Petroleum Association, ACP estimates that interested companies could roll out the pilot research projects in the first half of 2021. While the president of the ACP, Francisco José Lloreda, indicated that the issuance of the decree regulating the fracking pilots is a correct step to ensure the energy self-sufficiency of the country, environmentalists claim that this violates the guidelines of the Council of State.
Source: El Frente – Regional
Date: March 05
Headline: Fracking tests will be scientifically nutritious
Colombia has been discussing the development of its unconventional deposits for more than ten years. The inaction during those years has generated an environment of legal uncertainty detrimental to the country, which in addition to demanding oil and gas for its consumption, requires the fiscal revenues that this industry generates and which are fundamental for the national economy, even more so in a limited scenario of proven oil and gas reserves. (…) “From the guild, we see a great challenge, which is the articulation in government entities to ensure consistency between the Decree and the regulations to be issued, coordination in actions, and compliance with established schedules; therefore, we respectfully call on all state entities to support the PPII that are of great social and economic importance for the country,” indicated the guild leader, Rodrigo Lloreda, president of the Colombian Petroleum Association, the hydrocarbon industry guild in Colombia. Its companies carry out exploration and production activities of oil and gas, transportation of hydrocarbons, and distribution of liquid fuels and lubricants.
FSource: La Libertad– Regional
Date: March 05
Headline: US$650 million is expected to be invested by oil companies in fracking pilots
The Colombian Petroleum Association assured that mining and energy companies with a presence in Colombia have planned investments of USD 650 million in four pilot research projects related to the exploration of unconventional oil and gas deposits. Francisco José Lloreda, president of the ACP, specified that companies like Drummond, Ecopetrol, Exxon Mobil, and Conoco Phillips are interested in developing fracking pilots. If developed, it is estimated that this would produce around 450,000 additional barrels of oil per day.
Source: La Verdad – Regional
Date: March 05
Headline: US$650 million is expected to be invested by oil companies in fracking pilots
The Colombian Petroleum Association assured that mining and energy companies with a presence in Colombia have planned investments of USD 650 million in four pilot research projects related to the exploration of unconventional oil and gas deposits. Francisco José Lloreda, president of the ACP, specified that companies like Drummond, Ecopetrol, Exxon Mobil, and Conoco Phillips are interested in developing fracking pilots. If developed, it is estimated that this would produce around 450,000 additional barrels of oil per day.
Source: Forbes.co – National
Date: March 05
Headline: Companies have USD 650 million to invest in fracking pilot projects in Colombia
The interested parties in developing fracking pilots are the mining company Drummond and the oil companies Ecopetrol, Exxon Mobil, and Conoco Phillips. Mining and energy companies with a presence in Colombia have a budget of 650 million dollars to invest in four pilot research projects related to the exploration of unconventional oil and gas deposits, a private association said on Wednesday. (…) “What the companies have budgeted is 650 million dollars in this pilot stage,” said the president of the Colombian Petroleum Association, Francisco José Lloreda, revealing that the companies interested in developing fracking pilots are the mining company Drummond and the oil companies Ecopetrol, Exxon Mobil, and Conoco Phillips.
Source: prensalibrecasanare.com – Regional
Date: March 05
Headline: ACP applauded the decree that will allow the development of pilot research projects on fracking
The Colombian Petroleum Association (ACP), representing the operating companies of the private regime, issued a statement regarding the issuance of Decree 328 of February 28, 2020, «By which guidelines are established to advance Comprehensive Research Pilot Projects – PPII on Unconventional Reservoirs (…)”. According to the ACP, Colombia has been discussing the development of its unconventional reservoirs for more than ten years. Inaction during those years has generated a harmful legal uncertainty environment for the country, which, in addition to demanding oil and gas for its consumption, requires the fiscal revenues that this industry generates and which are fundamental for the national economy, even more so in a limited scenario of proven oil and gas reserves.
Source: BLU Radio – National
Date: March 04
Source: Caracol Radio – National
Date: March 04
Source: Caracol Radio – National
Date: March 04
Source: Caracol Radio – National
Date: March 04
Source: La W Radio – National
Date: March 04
Source: Caracol TV - National
Date: March 04
Source: CM& – National
Date: March 04
Source: larepublica.co – National
Date: March 04
Headline: The ACP revealed that oil companies have US$650 million to invest in fracking pilots.
Mining and energy companies with a presence in Colombia have a budget of US$650 million to invest in four pilot research projects related to the exploration of unconventional oil and gas deposits, said the Colombian Petroleum Association (ACP) this Wednesday. The Government issued a decree on Tuesday with the technical regulations for conducting pilot research projects related to hydrocarbon exploration through hydraulic stimulation or fracking, which must process an environmental license and have citizen oversight. «What the companies have budgeted is US$650 million in this pilot stage,» said the president of the Association, Francisco José Lloreda, revealing that the companies interested in developing fracking pilots are the mining company Drummond and the oil companies Ecopetrol, Exxon Mobil, and Conoco Phillips.
Source: elnuevosiglo.com.co – National
Date: March 04
Headline: Coronavirus crashes oil prices worldwide.
Oil prices are falling amid fears of the coronavirus spread. Both WTI traded in New York and Brent from London are gradually decreasing as all markets feel the impact of the epidemic, which is also affecting the dollar. According to an analysis by the president of the Colombian Chamber of Oil Goods and Services (Campetrol), Germán Espinosa, “Colombia is not immune to the situation, and being a country dependent on oil revenues, we are very vulnerable to this situation. (…) Awaiting advances in technical, environmental, and contractual regulations, the Colombian Petroleum Association (ACP) stated that if the projections in the pilots go well, which would start next year, the exploitation through fracking of gas and oil would begin in 2022. (…) He indicated that there are already four companies willing to invest US$650 million in the pilot projects in two areas of the country. These companies are Ecopetrol, Exxon, Conoco Philips.
Source: dinero.com – National
Date: March 04
Headline: The fracking pilots would start in 2021.
While the president of the ACP, Francisco José Lloreda, indicated that the issuance of the decree regulating the fracking pilots is a correct step to ensure the country's energy self-sufficiency, environmentalists claim that this violates the guidelines of the Council of State. The president of the oil industry association recalled that the discussion of fracking has been ongoing in Colombia for 10 years and that it is necessary to expedite all processes to start the pilots as soon as possible. “Inaction during these years has created an environment of legal uncertainty detrimental to the country, which also demands oil and gas for its consumption and requires the fiscal revenues that this industry generates,” Lloreda stated.
Source: elpais.com.co – Regional
Date: March 04
Headline: Green light for fracking pilot projects in Colombia.
Businessmen in the oil sector celebrated this week the publication by the National Government of the decree that gives the green light to the operation of pilot projects for hydraulic fracturing or ‘fracking’ in unconventional reservoirs. Although there is still no exact date for the start of drilling, this document allows the corresponding procedures to begin with interested companies. (…) In response, the Colombian Petroleum Association, ACP, issued a statement highlighting the importance of starting these pilot tests. “The projects will generate knowledge to evaluate with technical, objective, and measurable criteria the hydraulic fracturing technique, and validate the potential of these reservoirs,” said the Association in a statement. According to Francisco José Lloreda, president of the ACP, companies in the sector have already budgeted US$650 million for investment in this pilot stage.
Source: eluniversal.com.co – Regional
Date: March 04
Headline: Oil companies announce $650 billion for fracking pilot projects.
This Wednesday, the Colombian Petroleum Association spoke out regarding decree 328 of February 28, 2020, which establishes the guidelines for conducting the Comprehensive Research Pilot Tests (PPII) on unconventional reservoirs. The ACP celebrated the green light given by the government in this matter and provided details on how the hydrocarbon sector will seek to take advantage of the situation. (…) Francisco José Lloreda, president of the ACP, stated that companies have budgeted 650 million dollars for this pilot stage. “The companies that have expressed their desire to help the country in conducting the pilots are those that have been around for the last ten years. They are: Ecopetrol, Exxon Mobil, ConocoPhillips, and Drummond,” said Lloreda.
Source: lapatria.com – Regional
Date: March 04
Headline: Budget approved for pilot fracking tests
This Wednesday, the Colombian Petroleum Association spoke out regarding decree 328 of February 28, 2020, which establishes the guidelines for conducting the Comprehensive Research Pilot Tests (PPII) on unconventional reservoirs. The ACP celebrated the green light given by the government in this matter and provided details on how the hydrocarbon sector will seek to take advantage of the situation. (…) Francisco José Lloreda, president of the ACP, stated that companies have budgeted 650 million dollars for this pilot stage. «The companies that have expressed their desire to help the country in conducting the pilots are those that have been around for the last ten years. They are: Ecopetrol, Exxon Mobil, ConocoPhillips, and Drummond,» said Lloreda.
Source: bluradio.com – National
Date: March 04
Headline: Oil companies expect to start commercial fracking in 2022
The decree for pilot fracking projects in Colombia is ready. Awaiting advances in technical, environmental, and contractual regulations, the oil sector in Colombia said it hopes that if the projections in the pilots go well, they would start next year, and that gas and oil exploitation would occur in 2022. “The issuance of the decree is good news for the country, it establishes a very clear framework and guidelines for the development of the pilots. We hope it will be complemented very soon. We await with great interest and a positive outlook the issuance of the regulation to be able to start next year with the pilot projects, to drill, and as soon as possible to indicate not only the size of the reservoirs but to advance to an exploitation phase that would be in 2022,” said Francisco Lloreda, president of the Colombian Petroleum Association (ACP).
Source: wradio.com.co – National
Date: March 04
Headline: According to the ACP, hydrocarbon exploitation through fracking would begin in 2022
After the decree that set the guidelines for conducting fracking pilots in Colombia was made known, the Colombian Petroleum Association celebrated the regulation and assured that currently various companies have a total of 650 million dollars to make investments in this initial stage, adding that among the companies that have shown interest in helping to develop the fracking pilots are those that have agreements with the National Hydrocarbons Agency or that have assigned exploration and exploitation areas, which are: Ecopetrol, Exxon Mobil, ConocoPhillips, and Drummond. Following this, the ACP, through its president, Francisco Lloreda, stated that depending on how the project schedule for the fracking pilots progresses, it is expected that drilling will begin in 2021 to have full knowledge of the reservoirs that are present and thus be able to start their exploitation in 2022.
Source: wradio.com.co – National
Date: March 04
Headline: What implications does the Government's backing of the fracking pilot have?
La W invited several authoritative figures in fracking to comment on resolution 328 of 2020, announced this Tuesday by the Ministry of Mines, which sets the guidelines for the practice of projects on unconventional reservoirs using hydraulic fracturing technique. Francisco Lloreda, president of the Colombian Petroleum Association, stated that approving these guidelines “is a responsible act of the National Government with the country,” since “the reserves of oil and gas in Colombia are very limited.” He also recalled that “the Commission convened by the Government is independent, interdisciplinary, and made up of experts.” (…) Carlos Leal, executive director of the Colombian Association of Petroleum Engineers, commented “that we have been learning for 15 years to implement this practice correctly. It is important that it is done well because it is a unique opportunity.”.
Source: caracoltv.com – National
Date: March 04
Headline: «If we had started fracking 10 years ago, we wouldn't have so many fiscal shortfalls»
This was assured by Francisco Lloreda, president of the Colombian Petroleum Association, referring to the potential gas shortage. He also added that investments of 650 million dollars are expected to advance the fracking pilots. It is anticipated that, in two years, Colombia could commercialize new reserves of gas and oil. “I have no doubt that if we had started 10 years ago, we would not be at this moment with so many fiscal shortfalls nor would we be discussing or worrying about the gas supply in the country,” Lloreda stated.
Source: redmas.com.co – National
Date: March 04
Headline: Commercial exploitation of unconventional deposits could begin in 2022
The president of the Colombian Petroleum Association (ACP), Francisco José Lloreda, indicated this Wednesday that if everything goes as expected with the pilot research projects on unconventional deposits, the commercial exploitation phase would begin in 2022. Lloreda emphasized that for this first stage of Comprehensive Pilot Research Projects (PPII), companies have a budget of USD 650 million. The companies interested in conducting pilot projects, which will take place in Valle Medio, Magdalena (three), and one in the Cesar-Ranchería basin, are Ecopetrol, Exxon Mobil, and Conoco Phillips.
Source: eleconomistaamerica.co – National
Date: March 04
Headline: Companies have 650 million dollars to invest in fracking pilot projects
Mining and energy sector companies with a presence in Colombia have a budget of 650 million dollars to invest in four pilot research projects related to the exploration of unconventional oil and gas deposits, a private association said on Wednesday. (…) «What the companies have budgeted is 650 million dollars in this pilot stage,» said the president of the Colombian Petroleum Association, Francisco José Lloreda, revealing that the companies interested in developing fracking pilots are the mining company Drummond and the oil companies Ecopetrol, Exxon Mobil, and Conoco Phillips.
Source: laschivasdelllano.com – Regional
Date: March 04
Headline: Colombian Petroleum Association refers to exploration in unconventional deposits
This is carried out on Comprehensive Research Pilot Projects. Regarding the issuance of Decree 328 of February 28, 2020, «By which guidelines are established to advance Comprehensive Research Pilot Projects - PPII on Unconventional Reservoirs (...)”, the Colombian Petroleum Association (ACP), representing the operating companies of the private regime that would participate in these projects, referred to the topic today. (...) From the industry, we see a great challenge, which is the articulation in the Government entities to ensure consistency between the Decree and the regulations to be issued, coordination in actions, and compliance with established timelines; therefore, we respectfully call on all State entities to support the PPII, which are of great social and economic importance for the country.
Source: tiempodenoticias.com.co – Regional
Date: March 04
Headline: The Meta Government will lead a meeting of the Hydrocarbons sector
The Secretary of Mines and Energy of Meta, in coordination with the National Hydrocarbons Agency (ANH) and the Colombian Petroleum Association (ACP), will hold a meeting this Friday, March 6, at the Estelar Hotel in Villavicencio with the mayors of the department. The event aims to establish a dialogue table between the national, departmental, and municipal governments with companies in the hydrocarbon sector regarding the bill that regulates legislative act number 05 of 2019. “As a result of the different activities carried out between the Government at the Service of the People, the hydrocarbon sector, and the municipal leaders of oil-producing areas, we made a request to the ANH and the national government to establish a dialogue with the 29 local leaders,” explained the Secretary of Mines and Energy of Meta, Arnulfo Cruz.
Source: millanotv.co – Regional
Date: March 04
Headline: Colombian Petroleum Association refers to exploration in unconventional deposits
Regarding the issuance of Decree 328 of February 28, 2020, «By which guidelines are established to advance Comprehensive Research Pilot Projects - PPII on Unconventional Reservoirs (...)”, the Colombian Petroleum Association (ACP), representing the operating companies of the private regime that would participate in these projects, referred to the topic today. Colombia has been discussing the development of its unconventional reservoirs for over ten years. The inaction during those years has generated an environment of legal uncertainty detrimental to the country, which, in addition to demanding oil and gas for its consumption, requires the fiscal revenues that this industry generates and which are fundamental for the national economy, even more so in a limited scenario of proven oil and gas reserves.
Colombian Association of Oil and Gas