Saturday, 13 July 2019

LOWER MAGDALENA VALLEY, PUTUMAYO AND LLANOS ORIENTALES BASINS IN COLOMBIA LEAD IN THE HIGHEST NUMBER OF OIL AND GAS DISCOVERIES IN Q2 2019

A data and analytics company, GlobalData, has revealed that Colombia had the highest number of oil and gas discoveries in Q2 2019. Colombia had seven oil and gas discoveries, followed by India, Russia and Pakistan with three each.

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The two conventional gas discoveries were made in Lower Magdalena Valley basin and the three conventional oil discoveries were made in Putumayo basin, with the remaining in Llanos Orientales basin.

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An oil and gas analyst at GlobalData, Arpan Roychowdhury, said, “Gran Tierra Energy is the operator with the highest number of discoveries in Colombia in Q2 2019 with three, followed by Canacol Energy Ltd, Arrow Exploration Corp, Ecopetrol and Parex Resources Inc. with one discovery each in the country.”

All the discoveries in India are conventional gas discoveries; two of these are in onshore terrain while one is in shallow water. Oil and Natural Gas Corporation is the operator for all the discoveries.

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Russia had two shallow water conventional gas discoveries and one onshore conventional oil discovery in Q2 2019. All the discoveries in Pakistan are onshore discoveries, with two being conventional gas and one being conventional oil. (Oil Review Africa)

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