Colombia Plans to Boost Oil Output With Push for More Drilling [Financial Post (Toronto, Ontario, Canada)]
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Ecopetrol S.A. American Depositary Shares (EC)
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ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/corporate-responsibility/sustainability/bank-of-best-practices/investors
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Colombia is targeting oil output of 1 million barrels per day by pressuring drillers to step up activity in underused exploration blocs, according to the nation's top energy official. The government is seeking to juice output at “lazy contracts,” which may have been signed 10 or 15 years ago but have led to little or no exploration activity, Mines and Energy Minister Andrés Camacho said in an interview. Article content Article content Through this and other measures, Camacho says Colombia can lift output to around 800,000 barrels of oil a day by the end of the year, up from an average of 774,000 barrels in the first quarter. President Gustavo Petro, who has made fighting climate change a top priority, refuses to sign new drilling licenses even though oil and coal account for about half of the nation's exports. Camacho says the administration's
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- 6/7/24 - Form 6-K
- 5/30/24 - Form 6-K
- 5/30/24 - Form 6-K
- EC's page on the SEC website