One of Colombia’s mainstays is its oil and gas reserves. Owing to robust investments procured in the hydrocarbon sector, the country’s oil and gas ministries have been occupied fulfilling the target of 886,000 barrels per day (BPD.) With the demand for fuel resources on the up, Colombia’s oil and gas production activities are expected to see a surge of 25 percent, as reported by the Colombian Petroleum Association (ACP).
Colombia is home to over 2 billion barrels worth of oil reserves. To keep up with the global fuel requirements, the natural industry is exploring unconventional oil and gas drilling and refining practices. The need for the same is more urgent in the wake of the limited coal reserves Colombia has. Off late, the oil and gas industry has started to encourage lubricant additives manufacturers to reinvent the chemistry and ramp up production to help meet the local and global demand for lubricant additives in different sectors.
The government has got plans in motion to explore shale and coal-related deposits that are situated near the northern Magdalena River. If the Colombian government approves drilling activity, it could uptick the national oil and coal reserves to an additional 7 billion barrels – next in line after Argentina.
If the authorities can find the means to deal with social and environmental concerns and pushbacks, there is no denying that Colombia’s oil production will receive a significant boost. As a result of which, the country will be able to attract established and upcoming players from the global oil and gas fraternity. The likes of Exxon, Mobil, and Shell, have already set their sights on grabbing a big piece of the lucrative market share.
The following health, environmental, and safety protocols have been implemented to safeguard the interest of manpower interests conducting onshore and offshore activities:
A stringent set of policies and procedures are drafted, and meticulously enacted; aimed at encompassing well-being and welfare in matters of manpower and environmental health and safety, respectively. Special teams are designated to conduct immaculate site inspections and reviews at regular intervals to ensure that all technical and mechanical aspects are in order. A separate set of emergency medical teams are set on standby to assist in case of any untoward events – fire and explosions, falls, trips, unnatural collisions, or accidents.
In matters related to environmental safety and preservation, special crews are assigned to conduct in-depth studies about how the organization can continue to modify its practices, and minimize carbon emissions in the environment.
The main goal is to ensure that Colombia’s oil production potential does not harm the ecological system. Resultantly, a risks mitigation team is assigned to all sites. The members inspect and monitor procedures and practices being carried out. And, ascertain that they are at par with environmental regulations.