Almost $40 billion will be invested in Colombia's energy sector during the next six years, the country's presidential press office said in a statement.
The oil sector will see the largest amount of energy investment, as $24 billion will be invested through 2015 on new E&P activities.
A total of US$7.2 billion will be spent on the expansion of the Cartagena and Barrancabermeja refineries.
New pipeline infrastructure, meanwhile, will draw investments of US$1.71 billion. Pipeline projects under development include Rubiales-Porvenir, Mansilla-Tocancipá, Tocancipá-Monterrey, Poxos Colorados-Barrancabermeja and Barrancabermeja-Cartagena.
The power generation sector will see investments hit US$6.50 billion through 2015, while US$1.90 billion will be invested in new T&D projects, the statement said.
"The government is seeing important indicators about upcoming investment," the head of Colombia's oil association (ACP) Alejandro Martínez said in a separate statement released by the presidential press office.
Seismic data acquisition had averaged 1,200km/y during the 1990s but rose to nearly 26,000km/y in recent years, said Martínez, adding that 14,000km of new seismic data would be acquired in 2009.
State oil company Ecopetrol, meanwhile, is likely to see its production increase 12% in 2009 because of ongoing investment.
Colombia will also remain self-sufficient in terms of oil at least through 2017 because of continued investment in the sector, according to the industry official.
The oil sector will see the largest amount of energy investment, as $24 billion will be invested through 2015 on new E&P activities.
A total of US$7.2 billion will be spent on the expansion of the Cartagena and Barrancabermeja refineries.
New pipeline infrastructure, meanwhile, will draw investments of US$1.71 billion. Pipeline projects under development include Rubiales-Porvenir, Mansilla-Tocancipá, Tocancipá-Monterrey, Poxos Colorados-Barrancabermeja and Barrancabermeja-Cartagena.
The power generation sector will see investments hit US$6.50 billion through 2015, while US$1.90 billion will be invested in new T&D projects, the statement said.
"The government is seeing important indicators about upcoming investment," the head of Colombia's oil association (ACP) Alejandro Martínez said in a separate statement released by the presidential press office.
Seismic data acquisition had averaged 1,200km/y during the 1990s but rose to nearly 26,000km/y in recent years, said Martínez, adding that 14,000km of new seismic data would be acquired in 2009.
State oil company Ecopetrol, meanwhile, is likely to see its production increase 12% in 2009 because of ongoing investment.
Colombia will also remain self-sufficient in terms of oil at least through 2017 because of continued investment in the sector, according to the industry official.
