Ecopetrol (NYSE:EC) said that it has been able to set new records for its drilling times and costs in the Rubiales field, dropping times by 22% and costs by 20%. The NOC also highlighted the benefits the campaign has brought to local hires.
Both the Minister of Mines and Energy Germán Arce and Ecopetrol (NYSE:EC) president Juan Carlos Echeverry were present at the IX installment of the Barrancabermeja Oil Congress, “Beyond Oil”. Both also praised the operation in the city and its refinery, but Echeverry was clear no modernization is planned.
Ecopetrol (NYSE:EC) said that its 2016 Round to award smaller or non-strategic fields was successful, receiving US$53.4M in bids for assets in Catatumbo, Putumayo, Middle Magdalena and Meta.
GeoPark Limited (NYSE: GPRK) announced the successful testing of the Jacana 6 appraisal well in the Jacana field in the Llanos 34 Block in Colombia.
Ecopetrol (NYSE) said that November has brought an “onslaught” of attacks and illegal valves affecting the Transandino and Coveñas/Caño Limon pipeline, part of an increased pace of incidents over the last two months.
Ecopetrol (NYSE:EC) has announced its 2017 investment plan which falls in line with its 2020 business plan and designates a new focus of the US$3.5B in spending on production and exploration projects.
The USO held 36 hours of continued protests in strategic points affecting Ecopetrol’s (NYSE:EC) crude transportation, and forced the NOC to extend the period to review its collective bargaining agreement by another week and add new items to the discussion.
Canacol (TSX:CNE) announced significant increases in its contracted sales starting in December 2017 and December 2018, facilitated by new infrastructure.
Ecopetrol (NYSE:EC) defended its contribution and legacy in Huila after entering operation in the region in November 1994, in what appears to be an attempt to counter criticism from the USO workers union over the sale of smaller fields.
Ecopetrol’s (NYSE:EC) project manager for the CPO-9 exploration project, Edward Rivero, insisted to the Meta Departmental assembly that the NOC has all of its permits and papers in order, and that despite a campaign to misinform the population, it will not harm the environment exploring the block.