On Sunday, Colombian state-owned oil company Ecopetrol announced
that the oil well Tibú-30, located in the Tibú municipality in the department
of Norte de Santander, had been bombed. Ecopetrol put into motion its emergency
response plan with the help of the security forces to secure the area and
assess the damages.
According to security officials, those responsible for
guarding the oil field had been overwhelmed by unknown individuals and were
forced to flee the scene. Their vehicle was later incinerated. According to
Colombian Army, members of the FARC’s 33rd Front were responsible
for the attack. Fortunately, the oil well in question produced just 50 barrels
per day of the Tibú field’s overall daily production of around 3,200 barrels.
In other oil-related news, the Colombian Minister of Mines
and Energy, Tomás González, toured
one of the country’s most important exploratory activities, offshore
exploratory drilling. He told reporters that the project is going very well and
is giving confidence to investors regarding the future prospects of the
Colombian oil industry.
Minister González also asserted that the future
of the Colombian oil industry is in exploring and exploiting is offshore oil
potential. This development is no coincidence, as the Colombian government has
gone to great lengths to provide favorable conditions and policies to stimulate
the country’s offshore oil industry.
All observers of the Colombian oil industry know that the country’s
oil reserves are running dangerously low. Frustratingly, low oil prices have
suppressed the exploratory activity that the country needs to bring up its
proven reserves. Offshore and fracking represent Colombia’s last great hopes,
so this positive news is a welcome development for the industry.
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