Canacol Energy has announced that it has secured a 100% working interest in three new conventional gas exploration contracts in the recent bid round in Colombia. The award of these contracts increases the company’s existing position in the Lower Magdalena Valley basin where it is the leading independent producer of conventional natural gas, and also establishes a new core area in the Middle Magdalena Valley basin. The new contracts increase Canacol’s acreage by 29% to 1.4m net acr
10 Dec 2019
Canacol Energy - Three new gas exploration blocks
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Canacol Energy - Three new gas exploration blocks
Canacol Energy has announced that it has secured a 100% working interest in three new conventional gas exploration contracts in the recent bid round in Colombia. The award of these contracts increases the company’s existing position in the Lower Magdalena Valley basin where it is the leading independent producer of conventional natural gas, and also establishes a new core area in the Middle Magdalena Valley basin. The new contracts increase Canacol’s acreage by 29% to 1.4m net acr