The USO continued to cash in on the general strike which has congested Colombian transit since August 19. Union members from across the country joined the strike last Wednesday, August 28.
The national strike is into its third week and there are several signs of progress at the negotiating table. However, roads still remain blocked and the first official confirmations that oil production has taken a hit reached the newswire.
Colombia’s military intelligence says it has uncovered evidence that the Farc have been repopulating deserted rural area in Meta and Caquetá by placing indigenous groups in the area, a practice that goes back two years.
Colombian senator Alexander López has called for a public forum this week to analyze seismic exploration conducted by oil companies near water sources, which he alleges are causing grave damage to the environment in Casanare, Meta and Arauca.
Our estimate of the average operating cost per barrel (based on realized oil price minus netback) has fallen for the last two quarters, having demonstrated a long term uptrend over the previous four years.
The of agricultural workers’ strike has been a boon for the USO, which over the last week sought to link its ongoing negotiations in Cartagena and elsewhere with the ongoing national strike.
The oil producer GeoPark says it will invest CoP$200M into a road safety program for the general public and drivers working in local, regional and national transportation programs. To date the program has trained 500 people, 300 of them who work as drivers.
Once governor of the Casanare Department, Jorge Prieto says that the cons outweigh the pros when it comes to allowing oil extraction in Colombia’s regions. The direct benefits, such as royalties, have not reversed problems in producer regions and the industry in the end leaves them more vulnerable. We beg to differ.
The Comptroller General says it has uncovered overcharges in acquisitions of equipment in the San Vicente de Arauca Hospital that totals some CoP$29B (USD15M), all coming from royalty payments.
Oil producer Equion says that a strike of workers expanding its Early Production Facilities (EPF) at its Floreña well could mean losing 3,000 barrels of oil a day from daily production next year if not resolved.
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