- Colombia announces disappointing results from its first oil auction in two years, drawing investment commitments totaling $1.4B which were well short of the $2.6B the government said it was expecting.
- Submitted offers did include a few big names, as Exxon Mobil (XOM +0.6%) and Statoil (STO -0.1%) landed the rights to explore a new Caribbean Sea deepwater block in partnership with Repsol (OTCQX:REPYY, OTCPK:REPYF).
- Colombia pumps ~1M bbl/day of crude oil, making oil the country's top export and main source of foreign revenue, but reserves are dwindling, and the government needs the money and know-how foreign companies can offer to explore offshore and to dig through shale.
From other sites
Video at CNBC.com (Aug 26, 2015)
Video at CNBC.com (Jul 28, 2015)
at CNBC.com (May 22, 2015)
Video at CNBC.com (May 21, 2015)
at CNBC.com (May 5, 2015)
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