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
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand