The oil and gas industry will be a key player in the country's reactivation.

The Oil Guild Committee, made up of the main business and professional guilds in the sector, announced the holding of the III Summit on Oil and Gas, Visions of a New Reality, which will take place from November 18 to 20, 2020 in a 100% virtual setting.

• The Oil Guild Committee announced that the third version of the Summit will be held on November 18, 19, and 20, in a 100% virtual environment.

• The event will feature the participation of recognized international and national experts, including representatives from academia, the business sector, opinion leaders, and government.

• The technical agenda will address trends in the value chain of upstream and midstream, and with the participation of the National Hydrocarbons Agency and the Colombian Geological Service, advancements in exploration and production and the expansion of geoscientific knowledge in our country will be shared.

• The Summit will continue the most important business fair in the sector and the international business roundtable, an opportunity to build new business relationships and boost reactivation.

In the third version of the Summit, the discussion will revolve around the impacts that the pandemic has had and the new price situation in the oil and gas industry, the role that the sector will play in global reactivation, and what the future scenarios could be. It will be a space to learn about the visions of national and international experts and to build a roadmap for the sustainability of the sector and the economic and social reactivation of the country.

This year, the academic agenda will feature recognized international and national speakers, including representatives from academia, the business sector, opinion leaders, and government. Among the international speakers will be energy expert and author of several books Daniel Yergin, Vice President of IHS Markit; Jeffrey Sachs, Director of the Earth Institute at Columbia University; David Santley, Senior Specialist in the Energy Unit for Latin America and the Caribbean at the World Bank; Michael Reid, columnist and Senior Editor of The Economist for Latin America, among others. Additionally, among the national guests are the President of the Republic, Iván Duque Márquez; the Minister of Mines and Energy, Diego Mesa Puyo; the President of the National Hydrocarbons Agency, Armando Zamora; the President of Ecopetrol, Felipe Bayón; among others.

On the other hand, the technical agenda will discuss strategies to maintain the interest and confidence of investors in exploration and production projects, and in the midstream. Topics related to key activities of the unconventional reservoirs cycle and the offshore, the vision of hydrocarbon exploration in Colombia, oversight, enhanced recovery, and digital transformation in the midstream.

Additionally, a regional agenda will be held where aspects related to the economic, social, and environmental sustainability of the regions where the industry is present will be discussed. This will be complemented by a commercial exhibition of local ventures.“In light of the post-pandemic, we are presented with an opportunity to reevaluate and transform the relationship model that the industry has had with the regions. We must work to be an increasingly inclusive business, generating opportunities and being an ally of the diversification of regional economies. For this, it will be key to strengthen pedagogy, as well as investments and policies with regional impact.”, stated the Oil Guild Committee.

As part of the Summit, the most important business fair in the sector and the international business round will continue, through an interactive digital ecosystem online with the latest global technology trends that guarantee an innovative experience and an ideal environment for doing business. It will be a great opportunity to build new business relationships, networking, and boost reactivation.

“Although the effects of the pandemic at a global level are still uncertain in the long term, the new reality seems to imply changes in the habits of the population, especially regarding transportation, mobility, and more responsible consumption with the environment. This new reality brings new challenges for the industry, which in turn has the important task of being the engine that drives the economic, sustainable, and inclusive reactivation that Colombia demands. We are confident that hydrocarbons, as the main source of the energy matrix, will continue to play a prominent role in the post Covid-19 world.”, emphasized the Oil Guild Committee.

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