A significant gas discovery in Colombia by Petrobras and Ecopetrol could alleviate the country's energy supply concerns.
Brazilian oil giant Petrobras , in partnership with Colombia ’s state-run Ecopetrol , has confirmed the largest natural gas discovery in Colombia ’s history. Drilling results from the Sirius-2 well, located in the Guajira Offshore Basin, have revealed over 6 trillion cubic feet Tcf of gas in place—enough to potentially double the country’s existing reserves. Petrobras holds a 44.44% stake in the consortium, while Ecopetrol owns 55.56%.
Colombia's declining gas production and delayed projects have created an urgent need for new supply for the country, with domestic demand expected to outstrip available resources as soon as 2025. The supply and demand disconnect could leave Colombia with a supply gap of 30% by 2026. While the Sirius find offers hope, Petrobras has stressed that additional testing and studies are needed to determine the commercial viability of the reserves.
Petrobras Ecopetrol Natural Gas Energy Discovery Sirius-2 Oil And Gas Energy Security Latin America
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scientists uncover a previously unrecognized tumor suppression mechanismThere are processes in the human body that can suppress the growth and proliferation of cancer cells. These mechanisms, including those involving the tumor suppressor protein p53, are widely studied due to their critical role in disease.
Read more »
Scientists uncover cerebrospinal fluid markers for Alzheimer's detection and treatmentResearchers map the unique genetic regulation of proteins in human cerebrospinal fluid, identifying potential targets for Alzheimer’s treatments.
Read more »
Researchers uncover metabolic blockade that impedes cancer treatment responseThe immune system is a major target for cancer treatments. Immune checkpoint inhibitors and CAR-T cell therapy can dramatically improve outcomes for many cancers. But for about 70% of patients, these therapies don't work.
Read more »
Cops in Lancashire uncover £2.3million cannabis farm at former bingo hallFour men have been arrested
Read more »
Researchers uncover immune mechanism behind myocarditis from cancer immunotherapySome patients being treated with immune checkpoint inhibitors, a type of cancer immunotherapy, develop a dangerous form of heart inflammation called myocarditis.
Read more »
Rice bioengineers uncover why IL-12 immunotherapy loses effectivenessA team of Rice University bioengineers has developed a mathematical model that clarifies why interleukin-12 (IL-12) ⎯ a potent immune-boosting protein that holds promise for cancer treatment ⎯ loses effectiveness over time when used as an immunotherapeutic.
Read more »