BMI View: There is optimism with regard to the future of Colombia’s energy sector; particularly as improved security dynamics and a more liberal business environment have led to increased investment in exploration and production. The most recent licensing round and increased interest in the country’s offshore potential will also contribute to greater foreign investment and exploration into the sector, leading to further growth in proven reserves and buoying the robust long-term production picture. The 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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