The municipality of Trinidad in the Casanare Department says that a public-private partnership has allowed the entity to make repairs to the local well site and has applauded the relationship between the mayor Jesus Cuevas and oil producers operating in the region.
In July the General Royalty System (SGR) approved 67 science and technology projects which will receive CoP$588.122B (US$311.3M) in royalty funding, the most relevant funding of its sort for these ends since the new royalty system was established over a year ago.
Company executives of the Cartagena Refinery say that striking construction workers are not affecting the current production in the plant, although it is pushing the expansion costs higher.
The USO said that the 12,000 striking workers at the Cartagena Refinery (Reficar) are being repressed through strong arm tactics at the hands of the police SWAT force Esmad.
The Autonomous Corporation of Alto Magdalena (CAM) says that none of the 12 hydrocarbons transport firms operating in the department have a contingency plan approved by the regional authority.
The count went up to 28, the first rise in a month but still below recent and long-term averages. This was a below average week for non-armed forces reported/guerrilla-initiated incidents. Our 4-week Moving Average incident count was up to 24.0 incidents (breaking a streak of 9 straight declines) but the 52 week average was essentially stable at 38.6 incidents per week.
Colombia’s National Learning Institute (SENA) has made a public call for bids to build a new training center that will specialize in hydrocarbons in Puerto Gaitan.
A meeting to discuss repairs to the Paz de Ariporo – Hermoso highway brought together the Paz de Ariporo mayor, the Casanare Department governor Marco Tulio Ruiz and community leaders, but reps from oil companies did not show up despite the community’s invitation.
This week Colombian President Juan Manuel Santos took to campaigning for the peace process, one of the foremost issues that will make or break his upcoming reelection bid next year.
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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