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
15 November 2024
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
13 November 2024
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results
