BOGOTA, April 11 (Reuters) - The Arrecife gas field
could produce between 20 million and 30 million cubic feet per
day between 2025 and 2026, said Ricardo Roa, CEO of Colombia's
majority state-owned oil company Ecopetrol.
The leftist government of President Gustavo Petro has come
under pressure from industry groups urging it to ensure
self-sufficiency in gas amid a pause in new
exploration licenses.
"Arrecife very quickly will be able to give us between 5 and
10 million cubic feet per day, but surely between 2025 and 2026
it will be giving to the system between 20 and 30 million cubic
feet per day," Roa told a gas conference in the city of
Cartagena on Thursday.
The field, which is located off Colombia's Caribbean
coast, will produce commercial quantities of gas until 2035, and
Ecopetrol has also signed a deal with Canada's Parex Resources ( PARXF )
to develop hydrocarbon projects - particularly gas - in
Colombia's Casanare province, the company said in two separate
statements.
The government has said the South American nation needs to
resolve a gas deficit amid rising demand, with measures to
include buying more liquefied gas and possibly importing from
neighboring Venezuela.
Ecopetrol will work with the U.S. Treasury Department's
Office of Foreign Asset Control to open the way to importing gas
from Venezuela, which is under sanctions, Roa said. He has
previously said Colombia was importing up to 30% of its gas.
A long-dormant gas tube between the two countries will take
between 10 and 12 months to repair, he added.
Colombia's energy minister told the conference on Wednesday
the country will look to loosen regulation on gas exploration
and supply to meet its needs in 2026 and 2027.
The government has not held any licensing rounds for oil and
gas projects amid a push toward a green energy transition.
Some industry participants, such as gas transporter
Promigas, have said the lack of new licenses could affect gas
availability and increase the need for imports.
(Reporting by Carlos Vargas and Oliver Griffin
Writing by Julia Symmes Cobb; Editing by Devika Syamnath)