News and AnalysIs for

The legal limit for the government to present its biannual royalty budget for 2017 and 2018 is approaching fast and due on October 3^rd, the day following the plebiscite on the peace agreements. This and other royalty related stories in our periodic summary.

The Minister of Mines and Energy Germán Arce said that the Caribbean region has the greatest prospectively for both onshore and offshore exploration of hydrocarbons, and represents the future of the industry.

The USO said that it is advising and accompanying a group of 14 communities in protests against Ecopetrol (NYSE:EC) in Orito, Putumayo.

Hocol’s plan to drill an exploration well in La Macarena in the CPO-16 block is churning up community opposition, and company representatives allege that there are activists feeding the community with bad information to increase resistance.

The last two weeks have seen a number of high profile oil spills due to attacks on pipelines, overturned tankers, flooding and damaged road infrastructure. These and other environmental stories in our periodic summary.

A municipal hearing was held in San Juan de Arma as anti-oil advocates call for the National Agency of Environmental Licenses (ANLA) to revoke the licenses it has granted to Hocol in the nearby area.

The Casanare Governor Alirio Barrera laid down a criticism of oil companies, which he said have taken advantage of the department, but have little interest in helping in times of crisis. The Colombian Petroleum Association (ACP) responded that operators needed a concrete plan.

Looking to end a surge of strikes in Putumayo, the Ministry of Environment (MinAmbiente) said it will lead in creating an “inter-institutional committee” for the department. The ministry said it was to deal with “inadequate hydrocarbons practices,” but its statement talked exclusively about illicit crop eradication.

Leadership of the USO met with the Labor Minister Clara López and urged the official to step in as a mediator between the national government, the union and Ecopetrol (NYSE:EC) management, ahead of a possible union strike in October.

The formal date for the signing of the peace agreement has been set for September 26^th, days ahead of the scheduled October 2 plebiscite. The signing ceremony will take place in Cartagena. Meanwhile the Farc have suspended a conference to discuss the agreement within their ranks.