The Bogota office is operational and is exploring "highly competitive" projects in oil and gas, the spokesperson said, without elaborating.
"Pan Andean has been active in South America about 20 years now, primarily in Bolivia, but last year we entered Peru as well," the spokesperson said. "Some opportunities have arisen in Colombia, so we established an office there to pursue them."
Jose Luis Acevedo, who has worked for a Colombian energy-related company and Venezuela's state oil company PDVSA during the past 16 years, will head the Bogota office, Pan Andean said in a statement.
Pan Andean also has partnered with Colombian consulting firm AGN Exploration Petroleum Consultants for integrated E&P consulting services, according to the statement.
Colombia's hydrocarbons regulator ANH has signed 16 contracts so far this year with domestic and international firms to advance crude exploration in the country.
ANH also has sold 20 data packages for 13 new E&P blocks in northern Colombia, BNamericas previously reported.
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