Ecopetrol and Petrobras must cease drilling an offshore natural gas well, A Colombian judge ordered on Friday
. The ruling came after Indigenous blowback regarding consent. The complaint, made by Indigenous members in the Taganga community, argues that the community’s consent wasn’t requested before drilling commenced. The well, known as the Uchuva-2 well, is operated by state-run oil company Petrobras, which has a 44.4% stake. Ecopetrol holds 55.
To top it off, Colombia’s proven oil reserves can only support 7 years of operation. Natural gas reserves are even less plentiful and able to carry the country through just 6 more years. Recent natural gas discoveries in Colombia’s Caribbean waters, including the Uchuva-1, Kronos-1, Gorgon-1, Purple Angel-1, Gorgon-2 and Glaucus-1 exploration wells, which were heralded as potential game changers have proven disappointing.
Ecopetrol Offshore Gas Exploration Colombia
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