The change to the General System of Royalties (SGR) has been one of the main causes of social discontent against the oil industry in recent years. Iván Duque, Presidential Candidate, spoke on this subject in the departments of Casanare and Meta.
The General Comptroller’s Office investigated projects financed with royalties’ resources in Casanare; a department known for its irregularities in the use of these resources. These and other stories in our periodic Royalties summary.
The oil sector considers that unconventional projects are the key to guarantee energy self-sufficiency in the long term. Barrancabermeja has potential in these types of projects, but Dario Echeverri, mayor of the city, made a proposal that could affect several plans in the region.
The Inspector General’s Office started an investigation for alleged irregularities in the handling of foreign resources to be allocated in the post-conflict process. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Geopark Limited (NYSE: GPRK) announced the testing results of the Tigana Norte 9 appraisal well located in the Tigana oil field in the Llanos 34 block. The company also announced the date to report its 2018 first quarter financial results.