This week, the last and most awaited debate regarding the Special Jurisdiction for Peace (JEP) took place in the Congress. The project was finally approved, only after senators decided more than 10 of its points had to be reformed.
The Controller General called 47 Reficar officials and members of Ecopetrol’s (NYSE:EC) board of directors for an investigation into criminal responsibility, to discuss what happened with the technical analysis of the investments and cost that were incurred in the project.
Communities often complain about low hiring of local labor. Authorities have issued a new regulation on this subject for department of Meta.
The government and authorities have been working to boost offshore exploration in Colombia and the sector is ready to start activities this year. The companies have their plans ready; only some regulations are missing.
GeoPark (NYSE: GPRK), Parex (TSX:PXT) and Equion celebrated positive results regarding social development projects in their areas of influence, but strikes in the Casabe field against Ecopetrol (NYSE:EC), and in the Manà municipality against Tuscany Drilling (TSE:TID) for alleged lack of local labor hiring overshadowed the good news. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Ecopetrol (NYSE:EC) and Pemex recently signed a document to study joint ventures in E&P, and now executives of both NOCs signed an agreement that allows the joint development of mature fields, enhanced recovery technologies and offshore exploration.
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