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The mission of Shale Colombia 2014 is to determine the next steps towards the commercialization of unconventional oil and gas development for the country.
Colombia's original and most established shale congress hosted over 300 of the most influential people in the oil and gas industry in 2013 and is now returning with a brand new updated agenda. The event will host case studies from some of the pioneers in Colombian development, using the latest reservoir data, fiscal updates and global shale technology case studies, to evaluate the real potential Colombia holds for unconventional development.
Following tightening energy regulations in Argentina, Colombia has been highlighted as the most prospective unconventional oil and gas opportunity within Latin America and is now rapidly attracting increasing levels of exploration work, reservoir studies and global investment. Colombia, globally renowned in the energy industry for having a more supportive oil and gas regulatory framework than any of its neighbors, is one of the oldest and most established conventional oil and gas industries across Latin America. The emergence of the unconventional industry now not only holds phenomenal geological opportunity; it holds the potential for significant and potentially unprecedented commercial opportunities for the E&P companies and investors that pioneer it's development.
The Colombia shale industry is still in very early stages of development however with significant clarity still to be gained in on how conventional environmental and fiscal regulations will evolve to include unconventional, the technical costs of exploitation and of course hydraulic fracturing service and supply chain availability.