The Tapir block in Colombia
Indie Arrow targets rapid production growth
Fears that left-leaning President Petro’s government would signal the end for Colombia’s oil industry appear unfounded
Arrow Exploration’s Tapir block is the most prolific in Colombia, Marshall Abbott, CEO of the AIM-listed independent, told Petroleum Economist in an interview. The firm has a $45m budget for this year and plans to drill 15 wells at Tapir, both horizontal and vertical. Horizontal drilling of three wells will begin by mid-April, and these wells “will take the company to the next level”, said Abbott, adding that “those wells have the potential to produce upwards of 2,000b/d” and pay out within just three months. The Calgary-headquartered firm operates Tapir with a 50% stake. “We are hoping to double production this year [from 3,250b/d in 2023]”, he added, stating that “our goal is to be at 10,0
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
