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Average Colombian Royalties are not 20 percent

Wednesday, July 24th, 2013 Category: Regulations & Policy
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Average Colombian Royalties are not 20 percent

It is a stereotype that rolls easily off the tongue: the Colombian royalty rate is 20%. Data from 1Q13 shown above shows that it is not. The bars represent the average royalty rate for the top producing departments (excluding X Factors paid on E&P contracts) and the figures displayed on the bars themselves is average daily production in thousands of barrels per day.

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