It is far too easy to use stereotypes. We at HCC are as guilty as anyone of saying things like ‘heavy Llanos oil’. The phrase ‘Colombian royalties are 20%’ comes too easily to the tongue. The graph clearly shows the diversity of royalty percentages in the country and by basin.
A forum organized by social activist Ólder Alexis Cáceres on conflict and policies on natural resources claims hydrocarbons reform to protect natural resources is a must for lasting peace. Resources must be protected from profit-driven private industry, activists argue.
Senator Maritza Martínez said during a senate debate that the environmental and social damage caused by exploration and production in Arauca, Casanare and Meta are a cause of concern and create the need for public referendums like the one scheduled in Tauramena, Casanare.
The Ministry of Mines and Energy (MinMinas) has presented its formula to lower fuel costs at the pump and also believes that the modernization of national refineries could also contribute to a lower price in the midterm.
The municipality of Monterrey has presented a socialization of the Odisea 3D seismic exploration project and its environmental impact to the municipal council so that council members can issue a statement regarding the project and possible bring it to a public referendum.
The National Hydrocarbons Agency (ANH) has set its sights on the 2014 Round to award new E&P contracts as a potential boost to investment in the hydrocarbons sector.
In December the Tauramena municipality will hold a public referendum to approve or reject nearby oil production in certain, named villages and now in Aguazul municipal leaders are looking to do the same and get the public to vote on Ecopetrol’s (NYSE:EC) Odisea 3D seismic exploration program.
A local activist and former politician has insisted authorities apply measures to limit tanker-truckers on main highways in Villavicencio Meta, demonstrating the context and need for more agreements on roads between the industry, local authorities and the community in general, like the one signed last week in Casanare.
The president of the Colombian Oil Engineers Association (ACIPET) says that an April decree to offer more flexibility for foreigners to work in Colombia has diminished the opportunities for national engineers in the oil industry.
After a setback invalidating the original candidate, the National Hydrocarbons Agency (ANH) has a new president, taping Javier Betancourt Valle for his experience in international contract matters and role in the Colombia Round 2012.
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