Gas industryand oil industry in Colombia and oil industry in Colombia

Article content

1. Oil and Gas Industry Potential
2. Gas Industry in Colombia
3. Oil Industry in Colombia
4. Conclusions

Introduction

From economic figures, the history of the development of the sectors in the national territory and visions of future progress. The oil and gas industries in Colombia are taken as part of the top sectors that contribute to the economic development of the country.

Oil and Gas Industry Potential

The oil potential of crude oil and natural gas in Colombia is estimated at more than 37,000 million barrels of oil equivalent and distributed in 18 sedimentary basins that occupy an approximate area of 1,036,400 km². Kms² of area. area. About 89% of these sedimentary areas are available for oil and natural gas exploration and exploitation.

The Colombian oil industry has been the driving force of the country's economy in recent years. Oil is the first exploited product with 55.4 percent of total national exports. Oil is also the main contributor to the state's finances.

Taking into account the importance of these sectors in the country's development, the priority in hydrocarbons is the discovery of new crude oil reserves that will allow the country to maintain its energy self-sufficiency in the future.

Gas Industry in Colombia

In Colombia, the development of natural gas is recent, if compared to the oil sector. The beginnings of the gas industry in Colombia date back to the 70's after the discovery of the Ballena field in Guajira by Texaco (today known as Chevron). This mineral discovery was calledó This mineral discovery was called the first large deposit of free natural gas to be found where there is also oil.oil.

It was then in 1975 when the Colombian national government promoted the first rules and regulations on the management of prices and quotas for the distribution and commercialization of these deposits. During that time in Colombia, coordinated actions were also taken between the government and the private sector seeking to replace coal and fuel oil as fuel in some thermal generation plants.

Taking a leap from the history of the beginning and development of this important industry in the country to the present, the figures show that in Colombia until 2019, there was a network of 7,500 kilometers of gas pipelines that carry the hydrocarbon to more than 600 thousand vehicles, in addition to feeding thermoelectric plants and oil refineries in several areas of the Colombian national territory. The Ministry of Mines and Energy stated that around 9.5 million families, more than 225,000 light vehicles and around 1,000 public transportation vehicles (trucks, dump trucks and collectors) use gas as fuel.

Proven natural gas reserves are found in the following regions of Colombia: Llanos Orientales representing 75% of the total, the Guajira basins with 12%, the Magdalena Valley basins (upper, middle and lower) with 10.9%, Putumayo with 0.7% and the smaller basins with 1.5% of the fossil fuel.

Regarding natural gas production in Colombia, the Ministry of Mines and Energy assured that from 2018 to December 2027, the main contributions to the national natural gas supply will be the Cupiagua fields (Llanos Orientales) with a contribution of around 21%, Chuchupa (Guajira) and Cusiana Norte (Casanare), each with a contribution of approximately 10%.

The current figures for natural gas production in Colombia for the first quarter of 2020, recorded a decrease of 1.33%, reaching 1,029 million cubic feet per day, compared to the 1,043 cubic feet per day reported in the same period, but in 2019.

Oil Industry in Colombia

Unlike natural gas, the history of oil in Colombia dates back to the Spanish conquest, when Gonzalo Jiménez de Quesada and his troops arrived by the Magdalena River to La Tora, a hamlet of the Yariguíes Indians, located in what today is known as Barrancabermeja, where they found places where a black and oily liquid gushed out, which the Yariguíes Indians used as a body comforter, among other uses. The Spaniards used it to waterproof their ships and today, centuries later, the oil that gushed from the soil in the Yariguíes indigenous settlements is known as petroleum and is one of the main economic sources of our country.

Regarding oil production figures in the country, the Ministry of Mines and Energy revealed the figures of such production in Colombia as of June 2020 and these show that the oil industry in the country once again surpassed the barrier of 1,000 million cubic feet per day, reaching 1,096 mpcpd. This increase represents an increase of 16.7% compared to May 2020 (938.7 mpcpd).

The above figures for the oil industry in Colombia represent the increase in production in the fields of Cupiagua Sur, Cupiagua (Aguazul, Casanare), Pauto Sur (Yopal, Casanare), Cusiana, Cusiana Norte (Tauramena, Casanare), Chuchupa Ballena (Manaure, Guajira), Nelson (Pueblo Nuevo, Córdoba).

Diego Mesa, current Colombian Minister of Mines and Energy, stated in an interview with Portal Portafolio that the production of hydrocarbons, especially natural gas, is an example of the importance of these industries in the sustainable reactivation of the country. Mesa also expressed that in the post-pandemic stage, the mining-energy sector is crucial for the generation of employment, investment and opportunities for the regions involved in the production of this raw material.

Conclusions

1. hydrocarbon production, especially natural gas, are of great importance for the sustainable reactivation of the country.
2. The country's oil industry surpassed the 1.00 million cubic feet per day barrier in June 2020.
3. Lhe gas industry in Colombia began in the 1970s following the discovery of the Ballena field in Guajira.he gas industry in Colombia began in the 1970s after the discovery of the Ballena field in Guajira.
4. Colombia's oil and natural gas potential is estimated at more than 37 billion barrels of oil.
5. The Colombian oil industry has been the engine of the country's economy in recent years.