Incidents near areas of interest to the oil and gas industry were stable at 39 above recent and long-term averages. Non-Armed Forces-reported incidents were below average both in percentage and absolute terms. This is our indicator of increased guerrilla-initiated activity. However, our 4-week Moving Average incident count was down at 33.3 and the 52 week average was also down slightly at 31.1 incidents per week.
This month we have a number of interviews on a variety of topics.
Gran Tierra Energy (NYSE:GTE) saw its Colombia production grow by 41.3% in 2013 to reach an average of 18,584boepd, which accounts for 83% of its total production.
“We are also part of the development of Putumayo, Huila and the country,” said the legal representative of one of Putumayo’s largest tanker truck firms in defense of the sector and the number of accidents, spills and discontent felt in these oil producing regions, where local leaders and residents have put the blame on tanker truckers for wrecking their communities and roads.
Company officials held a call to discuss the end of year 2013 results and convince the market that its continued growth over the last five years is sustainable going forward despite operational complexities.
This week revelations hit the press that President Juan Manuel Santos’s email account has been compromised and around 1000 emails were accessed by an unknown party, just weeks after allegations of spying on peace delegates in Havana shook up the process.
Ecopetrol (NYSE:EC) saw its production grow 4.5% in full year 2013 to reach 788.2mboed, a number which the NOC said suffered due to transport restrictions and blockades in some communities. The company’s net income fell in the same period by 10.8% to CoP$13.35T.
The National Planning Department is threatening to cut of royalty payments to municipal and departmental entities who received royalties for projects in 2013 but that have not yet filed a transparency report that details how the money was spent.
The National Hydrocarbons Agency (ANH) has published the draft reference documents and other supporting material for the upcoming Colombia 2014 Round where it looks to assign up to 97 E&P blocks.
Last weekend the Arauca Department suffered a number of attacks on public roadways and oil infrastructure after an uptick in activity from insurgent groups operating in the area.
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