Luis Fernando Mejía, Director of the National Planning Department (DNP), spoke about the General System of Royalties (SGR). He answered the Comptroller General’s concerns.
Representatives of Frontera Energy, Mansarovar Energy and Gran Tierra Energy (TSX: GTE) spoke about their efforts to protect biodiversity in their fields and preserve Colombia’s natural resources.
Ecopetrol (NYSE: EC) announced its first quarter 2018 results and its management highlighted that the firm was solidly committed to excellence, as its financial performance showed the best quarterly results of the past four years.
Mansarovar Energy’s Executive Vice President of Corporate Affairs, Carlos Benavides, spoke about the firm’s plans in Colombia.
The Colombian government made a disastrous adjustment to the General Royalty System (SGR) a few years ago, generating social discontent in producing regions. Now, authorities are evaluating whether to carry out a new reform of the SGR.
Social investment in the oil sector has evolved into a mechanism that allows the integration of environmental and social factors for the benefit of communities.
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