Colombia's government on June 22 received bids on 95 of 200 blocks being offered as part of a bid round, with companies pledging to invest more than $1 billion in those areas. Was the bid round a success? What factors are driving Colombia's new oil sector investors? Will the country become a major oil producer in the near future? What potential risks—economic, political and social—does Colombia face in its drive to boost oil development?
Inter-American Dialogue's Latin American Energy Advisor. "Will Colombia Become a Major Oil Producer Any Time Soon?." (2009). http://digitalrepository.unm.edu/la_energy_notien/29