Pipeline attack shows problems but improvements are clear

By Gareth Chetwynd

 11 November 2011 01:14 GMT

A FARC rebel attack on an oil pipeline in the southern province of Putamayo provided a reminder this week of the security problems still faced in Colombia, but such incidents need to be seen in the light of the vast improvements that have been made .

Overall, upstream activity ­remains some of the most intense found anywhere in Latin America, and Colombian output has been rising steadily toward the ­ 1 million barrel per day mark.

Talisman Energy, one of the bigger players in the Canadian pack in the Andean nation, ­reported this week that the Akacais heavy oil discovery in Block 9 is producing “very encouraging” flow rates.

“We are preparing to drill ­several appraisal wells on this discovery,” chief executive John Manzoni said during a conference call.  

Talisman operates on five of the seven blocks in the…

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