Market
What will be the main challenge to Sirius-2's commercial viability by end of 2025?
2
Resolution / Starting Odds
Technical challenges • 25%
Environmental concerns • 25%
Regulatory hurdles • 25%
Market conditions • 25%
Industry reports, official statements from Petrobras or Ecopetrol, and analysis from energy sector experts
Story
Petrobras and Ecopetrol Announce Sirius-2 Gas Discovery with 6 Tcf in Colombia
Dec 5, 2024, 05:45 PM
Petrobras and Ecopetrol have announced the largest natural gas discovery in Colombia's history. The Sirius-2 well, located in the Guajira Offshore Basin, contains over 6 trillion cubic feet of gas. This discovery has the potential to triple Colombia's current gas reserves, increasing them by 200%. The find is situated 77 kilometers off the coast of Santa Marta. Testing is ongoing to confirm the commercial viability of the reserves, with first production expected by the end of the decade. The discovery comes at a critical time as Colombia faces a 30% gas supply gap by 2026.
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