Colombian paint specialist Pintuco has reached an agreement with Ecopetrol to commercialize the later’s MCO-R paint technology in the domestic market as part of a technology transfer and innovation program run by the state oil firm.
Mexico’s Energy Secretary Pedro Joaquín Coldwell has embarked on a state trip which includes meetings to discuss the business model of Ecopetrol with Colombian officials, as well as attend an energy conference in Bogota and later a trip to Brazil.
For each peso that Ecoperol invests in its Colombian Petroleum Institute (ICP), an in-house entity geared towards research and development of new technologies, the firm receives six times the amount in savings or earnings.
The Villavicencio Chamber of Commerce (CCV) will create a mechanism to resolve payment disputes between local suppliers and Ecopetrol contractors and monitor payments from the oil producer to its direct contractors.
Ecopetrol and community leaders of municipalities surrounding the Cupiagua oil field have signed an agreement establishing the oil producer’s commitments with the local community.
Colombian Senator Maritza Martínez Aristizábal has tightened her message on the Pacific Rubiales and Ecopetrol relationship, and requested that Ecopetrol assume control of the Rubiales oil field.
There is still no community-Ecopetrol agreement over the Cupiagua oil field, where 14 villages within the influence of the drilling are at loggerheads with the company over the distribution of local hiring percentages for the project and the management of investment funds.
Colombian Senator Maritza Martínez Aristizábal has questioned the relationship and awarding of contracts between the state and Canadian oil and gas company Pacific Rubiales ahead of senate discussions surrounding a contract with Ecopetrol set to expire in 2016.