Javier Gutiérrez, president of Ecopetrol (NYSE:EC) made a visit to the municipality in San Antero and told local press that the Bicentennial Pipeline (OBC) will be online in December, the latest change in the start of its operations, mainly due to security threats.
The commander of a local military unit, Cornol Juvenal Díaz says the 48th Front of the Farc is responsible for repeated attacks that have caused a significant amount of oil to be spilled into the ecosystem.
Incidents near areas of interest to the oil and gas industry were the same as last week at 25 below recent and long-term averages. However, non-Armed Forces incidents were about double the average at nearly 1/3 of all reports. This is our indicator of increased guerrilla-initiated activity. Correspondingly, our 4-week Moving Average incident count was down to 29.3 and the 52 week average was down although essentially unchanged at 33.3 incidents per week.
How much has Colombia’s armed conflict cost the country? A true number is for the most part impossible to calculate, but just on defense spending a recent study estimates that number to be at least CoP$220T (US$114B) just in the last 10 years.
Oil from a rupture along the Transandino Pipeline (OTA) on the Colombia-Ecuador border has leaked into the banks of the San Miguel river causing contamination and requiring intervention from Ecuadorian NOC Petroamazonas.
Incidents near areas of interest to the oil and gas industry were down this week to 25 below recent and long-term averages. Non-Armed Forces incidents were average at 16%. This is our indicator of increased guerrilla-initiated activity. Correspondingly, our 4-week Moving Average incident count was down to 33.5 and the 52 week average was down although essentially unchanged at 33.7 incidents per week.
The peace process in Colombia was rocked with accusations from the government that they had uncovered evidence that the Farc’s Teofilo Forero column is planning an assassination attempt of former President Alvaro Uribe, one of the loudest critics of the process.
Incidents near areas of interest to the oil and gas industry were back up this week to 38 above recent and long-term averages. Non-Armed Forces incidents were significantly above average at 27%. This is our indicator of increased guerrilla-initiated activity. Correspondingly, our 4-week Moving Average incident count was up to 35.0 but the 52 week average was down although essentially unchanged at 33.9 incidents per week.
Since May the peace talks in Havana have yet to render any solid agreements, but this week Farc and government negotiators announced common ground on the second of five agenda points: political participation.
Incidents near areas of interest to the oil and gas industry were back down this week to 29 below recent and long-term averages. Non-Armed Forces incidents were slightly above average at 17%. This is our indicator of increased guerrilla-initiated activity. Despite this, our 4-week Moving Average incident count was up to 33.5 but the 52 week average was down but essentially unchanged at 34.0 incidents per week.
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