Can Colombia Replicate Brazil's Offshore Oil And Gas Market Boom?

Can Colombia Replicate Brazil’s Offshore Oil And Gas Market Boom?

Written by Valdemar Medeiros

Published on 11/11/2020 at 10:33

Mercado offshore da colômbia

Seja o primeiro a reagir!

In The Offshore Market of Brazil, Guyana, and To A Lesser Extent, Suriname Are Getting Most Of The Attention When It Comes To Oil And Gas From South America, With Opportunities Emerging In Colombia.

It is believed that the Caribbean coast of the Andean country has considerable potential for oil and natural gas in Colombia’s offshore industry. Diego Mesa, Colombia’s Minister of Mines and Energy, announced the reactivation of offshore activity in Colombia with great fanfare in early October 2020.

Colombia Wants To Copy The Success Of The Oil And Gas Market In Brazil

This Is An Important Development For A Country That Despite Relying On Oil To Drive Economic Growth, Has Limited Proven Reserves Of Just Over 2 Billion Barrels With A Disturbingly Short Production Life Of 6 Years.

The Decline In Investment Due To Low Oil And Gas Prices, The Lack Of Onshore Oil Discoveries Since 2009, And Deteriorating Internal Security Are Heavily Weighing On Plans To Increase Onshore Oil Reserves And Production.

ARTICLE CONTINUES BELOW

Increase In Demand For Natural Gas

In Fact, The Lack Of Major Hydrocarbon Discoveries, The Rapid Depletion Of Mature Natural Gas Fields, And A Sharp Increase In Demand For Natural Gas Have Forced Colombia To Start Sustained Imports Of Liquefied Natural Gas In 2017.

The Colombian Government And The Industry’s Top Authority, The Colombian Association Of Oil And Gas (ACP – Spanish Acronym), Believe That The Huge Offshore Hydrocarbon Potential Of The Andean Country Is Key To Ensuring Colombia’s Energy Security. The Andean Country Has 4 Recognized Hydrocarbon Basins Along Its Caribbean Coast, The Offshore Basins Of Cayos, Colombia, Guajira, And Sinú.

Can Colombia Replicate Brazil’s Offshore Oil And Gas Market Boom?

In The Offshore Market of Brazil, Guyana, and To A Lesser Extent, Suriname Are Getting Most Of The Attention When It Comes To Oil And Gas From South America, With Opportunities Emerging In Colombia.

Read Also

Colombia Wants To Copy The Success Of The Oil And Gas Market In Brazil

Increase In Demand For Natural Gas

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

This extremely contagious virus has already affected 90% of the population of Brazil and has no cure.

The narrowest house in the world is only 63 centimeters wide, but inside it can accommodate a bathroom, kitchen, bedroom, office, and even two staircases.

This extremely contagious virus has already affected 90% of the population of Brazil and has no cure.

Electrolux surprises, closes colossal factory and lays off 400 people in a mass dismissal that will have a direct effect later this year, following a cost review, with an impact of R$ 272.5 million and R$ 109 million in cash in Chile.

The São Paulo city has one doctor for every 100 inhabitants and still holds the title of the third best place to live in Brazil.

Brazilian chocolate made with fine cocoa from Bahia, without any preservatives or chemical additives, won second place for the best milk chocolate in the world and is now sold in the country that invented premium chocolate: Switzerland.

For less than 41 thousand reais, you can get a ready-to-move-in studio made from a shipping container with a balcony, a complete bathroom, a kitchen, and total customization of doors, floors, and colors. The most surprising thing is that it all starts from a refrigerated container.

Can Colombia Replicate Brazil’s Offshore Oil And Gas Market Boom?

In The Offshore Market of Brazil, Guyana, and To A Lesser Extent, Suriname Are Getting Most Of The Attention When It Comes To Oil And Gas From South America, With Opportunities Emerging In Colombia.

Read Also

Colombia Wants To Copy The Success Of The Oil And Gas Market In Brazil

Increase In Demand For Natural Gas

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

This extremely contagious virus has already affected 90% of the population of Brazil and has no cure.

The narrowest house in the world is only 63 centimeters wide, but inside it can accommodate a bathroom, kitchen, bedroom, office, and even two staircases.

Petrobras evaluates suspension of sales to distributors and considers canceling the cooking gas auction following guidelines from the Federal Government.

Lula reveals a masterstroke by Petrobras to undo a deal made by Bolsonaro, which involves the return of an important refinery that currently produces less than half of what was expected and makes Brazil dependent on international diesel.

A study confirms that the natural gas sector will reduce greenhouse gas emissions in Brazil by 0.5% and accelerate the energy transition by 2026.

Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.

The rise in oil prices could ensure an extra revenue of R$ 100 billion for the Federal Government, indicates a recent economic study.

This extremely contagious virus has already affected 90% of the population of Brazil and has no cure.

Electrolux surprises, closes colossal factory and lays off 400 people in a mass dismissal that will have a direct effect later this year, following a cost review, with an impact of R$ 272.5 million and R$ 109 million in cash in Chile.

The São Paulo city has one doctor for every 100 inhabitants and still holds the title of the third best place to live in Brazil.

Brazilian chocolate made with fine cocoa from Bahia, without any preservatives or chemical additives, won second place for the best milk chocolate in the world and is now sold in the country that invented premium chocolate: Switzerland.

For less than 41 thousand reais, you can get a ready-to-move-in studio made from a shipping container with a balcony, a complete bathroom, a kitchen, and total customization of doors, floors, and colors. The most surprising thing is that it all starts from a refrigerated container.