Guidelines for offshore hydrocarbon production
In 2019, after 5 years of immobility, the hydrocarbon production sector was reactivated with the award of 26 blocks in the Permanent Area Allocation Process and the conversion of 5 off-shore contracts to EP. The Colombian authorities have issued their authorization to ensure the application of international standards for the production of hydrocarbons in Colombia. It targets new requirements for the drilling, exploration and exploitation phases. More than 1.69 billion USD investments were secured for offshore exploration.
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