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Continued risk to sustainability of Colombian oil industry

After a years-long oil boom, Colombia needs to open up new frontier plays to become a major regional energy player

Colombia has firmly established its place on the global energy map. The government has put attractive investment terms in place and stepped-up military operations have diminished the threat rebel fighters pose in Colombia’s oil-producing regions, spurring a years-long boom in oil production and investment.  But the country has much work to do to sustain its oil boom. Guerrilla attacks continue to plague the oil industry, making security a continued risk to operations and cost of doing business in the country. Relationships with local communities have worsened, which has led to an increase in conflict in Colombia’s oil patch. The country’s bureaucracy is struggling to manage the task of bala

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