Production growth is back on the agenda now national protests have calmed
Gran Tierra cranks up the gears
Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities
Calgary-based Colombian operator Gran Tierra Energy saw a healthy production rebound in Q3 as national protests cooled and the country returned to greater stability. Company output increased by 53pc year-on-year—to 28,957bl/d—and by 26pc over the previous quarter. Transportation blockades in Colombia severely curtailed national oil and gas production in Q2. Gran Tierra’s output sunk by 5.8pc between the first two quarters as the independent was forced to shut in production and defer drilling into the second half of the year. But government negotiations successfully ended the blockades in July. And Gran Tierra has since restored its portfolio to its highest production level since Q1 last year
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
