Page 17 - LatAmOil Week 01 2021

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The minister went on to say that the government of the sales.
intended to proceed with other reform pro- “For NP, we are obviously still finalising in
grammes mentioned in the Budget Act, includ- some detail the steps and procedures to take,” he
ing the sale of the 81 filling stations owned by said. “Obviously, the first item on the agenda will
National Petroleum (NP). be evaluation of the property. NP will shortly be
He stressed, though, that the Ministry of engaging qualified valuators to give a fair market
Energy was still working to pin down the details value for each service station.” ™

COLOMBIA
ANH assigns three deepwater

blocks to Shell subsidiary

COLOMBIA’S state oil regulator, the National the important presence of an oil system in the
Hydrocarbons Agency (ANH), has named Caribbean Sea,” he said. “It is great news for the
a local subsidiary of Royal Dutch Shell (UK/ country that these two important players, Eco-
Netherlands) as the operator of exploration petrol and Shell, are deploying all their knowl-
and production contracts covering three new edge and technology in the development of
licence areas in the deepwater section of its off- these border basins.”
shore zone. Anna Duque, Shell’s president in Colombia,
In a statement dated December 24, ANH said remarked: “We are very excited about these
that Shell EP Offshore Ventures would take 50% approvals. They represent a lot for Shell in
stakes in Col-5, Fuerte Sur and Purple Angel. Colombia and in our path to continue working
The remaining 50% of equity in each block will for energy security and the transition to low-car-
be reserved for Ecopetrol, the national oil com- bon-footprint energies.”
pany (NOC), it reported. Meanwhile, Diego Mesa, Colombia’s Min-
The agency did not reveal the value of the ister of Mines and Energy, pointed out that the
deals. But it did say that Shell had been named projects had the potential to increase domestic
as operator because it was willing to “contribute gas supplies and benefit the regional economy.
with its knowledge and experience to face the “This agreement, which is the result of the
technical challenges presented by the maritime national government’s review of the legal regula-
operation, representing a great opportunity for tory framework for offshore projects, represents
Colombia to develop its energy potential in a new opportunities for the sustainable reactiva-
safe and efficient way.” tion of Colombia and for energy security, given
Armando Reyes, the president of ANH, said the potential in gas, [which is] considered the
that the agreements with Shell would help the fuel of the energy transition, as it reduces by 40%
country open up a new hydrocarbon province. carbon emissions and 96% particulate matter,”
The agency “has developed studies that indicate he commented. ™

All three fields are in the deepwater section of the offshore zone (Image: Finance Colombia)

Week 01 07•January•2021 www. NEWSBASE .com P17