Colombia’s oil industry was already at a crossroads, facing low prospectivity and declining reservoirs onshore, and an offshore sector with great potential but facing the same problems as any high-cost, high-risk play in the current low-price environment.
A peace deal with FARC is certainly one less thing to worry about. In 2014, state-run Ecopetrol reported $430 million worth of losses due to attacks on infrastructure.
A
