Sunday, June 7, 2015

FARC bombs a Colombian oil field in Norte de Santander

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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