Colombia's activity climbs - Good terms and higher security open Colombian opportunities

摘要

Once considered high on the list of kidnapping capitals of the world, Colombia has done a turnaround and now represents an attractive opportunity for oil and gas investment. "It has good fiscal terms, it's underexplored and it has political stability. News from South America is generally negative, but Colombia is solid. It has sanctity of contracts, no debt default and strong US ties," said Menno Wiebe, exploration vice president with Solana Resources of Calgary during a presentation at the summer North American Prospect Expo in Houston, Texas.