IAHL Corporation (IAHL)

[Gators12]

Colombian petroleum engineers' association Acipet has reiterated calls for new oil and gas licensing rounds to guarantee the South American country's long-term energy security.
The latest official hydrocarbon reserves, published last week, show self-sufficiency of 7.5 years for oil and 7.2 years for gas, down from 7.6 and 8.0 years a year earlier.
"Exploration efforts must continue and be strengthened through the signing of new E&P [exploration and production] contracts that allow extending the period of self-sufficiency of hydrocarbons, guaranteeing energy sovereignty and ... the transition towards a sustainable, balanced energy mix, according to the needs of the country," Acipet said in a statement.