The Country's Oil and Gas Reserves Will Last Fewer Years Than Expected

Energy attorney Inés Elvira Vesga was quoted in an article by El Colombiano about an announcement issued by Colombia's National Hydrocarbons Agency, suggesting that the country's oil and gas reserves will last fewer years than expected. The greatest decrease occurred in the remnants of gas, which went from 8 years to 7.2 years. Ms. Vesga spoke about the country's potential to be self-sufficient in terms of gas. Therefore, she highlighted the importance of oil exploration and exploitation.

"Colombia's gas potential is important, especially in the offshore Caribbean, and the latest discoveries, once the deposits have been delimited, will be able to verify how much is added to the country's reserves," she said. "It is important that the government celebrates the possible increase in reserves, because this should lead to an understanding of the importance of continuing to explore and take the necessary measures to do so."

READ: The Country's Oil and Gas Reserves Will Last Fewer Years Than Expected