REPUBLIKA.CO.ID, JAKARTA - Colombian government offers 97 oil and gas blocks to investors from Indonesia, divided into 57 conventional onshore blocks, 13 conventional offshore blocks, 19 non-conventional oil blocks and shale gas, as well as 8 coal bed methane (CBM) blocks. 

President of Colombian National Hydrocarbons Agency (ANH), Javier Betancourt Valle said that Colombian government expected Indonesian investors to be interested in oil and gas business in Colombia. 

"Indonesia has the experience to develop oil and gas in remote areas and offshore," he said recently in a  meeting attended by A Edy Hermantoro as Director General of Oil and Gas at the Ministry of Energy and Mineral Resources, Hendra Fadly as Oil and Gas Upstream Business Development Director, and Gde Pradyana as Secretary of Special Task Force for Upstream Oil and Gas Business Activities.

Colombia selects Indonesia as one of destinations to find new investors because the large country has economic growth of six percent in the last five years. Colombia has also met some investors in Calgary (Canada), Houston (USA) and London (UK). Colombia oil reserves reached 47 billion barrels in the last 10 years with average production of one million barrels per day (bpd). 

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