Canacol Negotiates New Gas Sales as It Triples Colombia Output
- Company in talks to sell further 25m cubic feet per day
- Plans to bid in December in Mexico's mature onshore round
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Canacol Energy Ltd., a natural gas explorer in Colombia, is negotiating new supply deals as it steps up drilling and expects to more than triple gas production in the Andean country by year-end.
The producer is on track to increase gas output to about 90 million cubic feet a day in December to meet existing contracts, up from about 25 million now, Chief Executive Officer Charle Gamba said in an interview. The company is in talks to supply a further 25 million daily cubic feet.