Colombia lets contract for unconventional resources

12/20/2010
Eric WatkinsOil Diplomacy EditorColombia's National Planning Department let a contract to Petroleum Development Consultants (PDC), London, to develop the model contract and technical regulations for the development of the country's unconventional resources."The focus of the work is to prepare a contractual framework and fiscal arrangements that will encourage the exploration and development of these types of resources in the country," said PDC.Under terms of the agreement, PDC will prepare an assessment of the resource in Colombia, develop appropriate development scenarios for typical resource size, prepare capital investment and operating cost estimates for typical developments...
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