Economic Report – New ANH Agreement on area allocation: summary of the main changes, opportunities, and challenges for investment in hydrocarbons

Recently, the ANH issued and socialized Agreement 02 of 2017, with the new rules for the allocation and management of areas for hydrocarbon exploration and production in Colombia. This report has two parts: (i) general conclusions of the Agreement and; (II) the main changes compared to the previous regulations, both topics identified with the affiliated companies in workshops of the economic and legal committees of the ACP. The report is not a summary of the agreement given its length, 111 clauses plus annex, and because many of these take up provisions from the previous regulations applied for years.