Colombian government's proposed oil sector reforms
Arrow flies against Colombian headwinds
The company does not seem concerned about the effect on its growth plans of the new government’s proposed oil sector reforms, and is even looking at potential acquisitions
The new Colombian government has moderated its stance towards the oil and gas sector since it came to power in August last year, Canadian independent Arrow Exploration tells Petroleum Economist. The country’s new president, Gustavo Petro, said in the run-up to his election that his administration would not issue any new exploration licences. But “since he has been elected, he has softened his stance” on the issue, says Arrow CFO Joe McFarlane, adding that Petro’s government recently confirmed new bid rounds for blocks would take place. “If you include the proposed tax increases right now with the existing royalty tax structure, Colombia remains in the top 10pc of the world” Abbott, Arr
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
