BMI View: There is growing optimism with regard to the future of Colombia’s energy sector; particularly as improving security dynamics and a more liberal business environment have led to increased investment in exploration and production (E&P). The ongoing licensing round and increased interest in the country’s offshore potential will also bring increased foreign investment and exploration into the sector, leading to further growth in proven reserves and brightening an already robust long-term production picture. Main trends and developments for Colombia’s oil and gas sector are: ? An improving security situation and the country’s attractive fiscal regime are likely to continue …
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