Colombian government issues 30 new oil concessions

Yesterday the Colombian National Hydrocarbons Agency (ANH) under the Ministry of Mines and Energy granted 30 concessions, or permits to operate specific areas, to seven different energy companies. The government says the total rewards investment exceeds US$148.5 million.

These new awards bring the total to 69 oil drilling concessions issued under the Duque administration.

“In August 2018, we received a sector with almost five years without awarding or signing new hydrocarbon contracts and so far, under the government of President Duque, we have awarded 69 areas that will continue to position the sector as one of the main drivers of the country’s economic recovery and development,” said the Minister of Mines and Energy, Diego Mesa.

The winning energy companies are Ecopetrol, Parex Resources, Lewis Energy, Frontera Energy, CNE Oil & Gas (Canacol), Hocol, and Maurel & Prom Latin America.

The concessions awarded are located in the Colombian departments of Santander, Norte de Santander, Bolívar, Meta, Casanare, Córdoba, Sucre, Vichada, Cundinamarca, Arauca, Atlántico, Antioquia, Magdalena, Cesar, Boyacá, Huila, Cauca and Tolima.

“During the Colombia 2021 cycle (of concession tenders), 53 areas were proposed between those proposed by the ANH and those nominated by the companies, for a total of 30 areas allocated and a success rate of 56. %. This demonstrates a great commitment of the industry and a sector committed to the economic and sustainable recovery of the country. Our mission as administrators of hydrocarbon resources commits us to continue working and creating favorable conditions to attract the investments that Colombia so badly needs for national energy security in the years to come,” said the president of the National Hydrocarbons Agency, Armando Zamora Reyes.

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