A few weeks ago, the ACP published a study on operating costs, which we thought would be of considerable interest to our readers. The Association has graciously given us permission to translate it to English and publish.
Last week there was a minor flurry about an American thinktank putting Colombia on a list of ‘risky’ spots for petroleum investments. Timely, considering our article tying to quantify ‘risk’ which was really quantifying ‘impact’. I think it was overdone, but it still got me thinking about what risks are the most relevant.
Getting an environmental license is one of the challenges that oil companies must overcome to develop their plans. The National Environmental Licensing Authority (ANLA) has been quiet over the past several months, but recently published a decision concerning a project of Hocol S.A.
The government is determined to carry out the construction of a new regasification plant in the country, despite experts’ opinions against it. The Ministry of Mines and Energy (MinMinas) announced dates for the plant’s tender.
The appointment of a consultant and costs of the popular action have become an issue in the judicial process involving Gran Tierra (TSX:GTE).
Local authorities, the police and the president of the Colombian Association of Petroleum Engineers (Acipet), Julio Cesar Vera, spoke about the situation in Meta; 14 days after the protests began.
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