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Improved Policy Measures Driving Oil And Gas Industry Growth in Colombia
GlobalData, Feb 2010, Pages: 30
Improved Policy Measures Driving Oil And Gas Industry Growth in Colombia
Summary
Colombia’s oil and gas industry is witnessing a significant boom with crude oil output in 2009 reaching 0.67 million barrels per day (b/d), the highest since 2000. The endeavors of the Colombia Government to open the upstream sector to foreign players and attract investments through favorable fiscal terms and increased level of security in the country have succeeded in reversing the country crude oil output trend. The continued measures of the domestic government to overhaul the country’s upstream sector have provided a platform for the country to become an important player in world oil and gas industry, with oil production expected to reach 1 million b/d in 2015.
Scope
- The study discusses the Colombian oil & gas industry, with primary focus on the recently improved policy measures.
- It discusses the Colombian oil & gas market, presenting statistics on its natural gas production, number of contracts signed, and number of wildcats drilled during 2000-2009.
- It also briefs about Open Round Colombia 2010 and the working program for the blocks offered.
Reasons to buy
- Develop business strategies with the help of specific insights from GlobalData on the key events happening in the oil and gas industry.
- Gain a strong understanding of the energy market and analyze the major trends in the global oil and gas industry today
- Identify opportunities and challenges with the help of our analysis of the latest news and deals in the oil and gas industry
- Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
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