(Energy Analytics Institute, 31.Mar.2022) — Parex Resources is focused on further unlocking its Colombian asset portfolio through technology, the company said 31 March 2022 in a corporate presentation on its website.
Key highlights from the presentation include:
— First-mover advantage: acreage to explore, secured rigs and long-lead items, and strengthened team
— Balanced capital investment plan that has strong production per share growth expected in 2022
— Entering the year with the most extensive land base in the company’s history
— Secured rigs under long-term contracts to have equipment in place to successfully execute capital investment programs
— Increased critical organizational capabilities, hiring significant staff in Canada and Colombia over the past 12 months
— Acquired long-lead items for the foreseeable future to provide insulation from supply chain issues and limit cost inflation exposure
By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.