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OCP and its lofty original expectations

OCP and its lofty original expectations

The Heavy Crude Pipeline of Ecuador (OCP Ecuador) recently announced it has moved 10mmbl of Colombian crude, as the pipeline benefits from production in Putumayo. But the firm’s president Andrés Mendizábal explains its current volumes are well short of its original goals.

Wednesday, December 7th, 2016
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TPIC rejects Cúcuta blockades

Turkish Petroleum International (TPIC) has publicly rejected blockades carried out by residents in rural areas of Cúcuta which have prevented it from building a platform to build its planned exploratory well Aslan-1.

Wednesday, December 7th, 2016
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Reficar continues to make headlines

InfrastructureTitled by the Colombian press as ‘the center of the biggest corruption acts in the country’s history’, the construction of the Cartagena Refinery (Reficar) by Ecopetrol (NYSE:EC) has once again generated headlines as it has a new management team.

Tuesday, December 6th, 2016
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UPME talks about the mining plan

The Mining Energy Planning Unit (UPME) is opening spaces for dialogue with communities, businesspersons and other parties related to the mining sector. The aim is to create a “Mining Development Plan” that includes everyone. HCC was present at the event.

Tuesday, December 6th, 2016
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ECP says Rubiales drilling sets new records

ECP says Rubiales drilling sets new records

Ecopetrol (NYSE:EC) said that it has been able to set new records for its drilling times and costs in the Rubiales field, dropping times by 22% and costs by 20%. The NOC also highlighted the benefits the campaign has brought to local hires.

Tuesday, December 6th, 2016
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CSR Summary: ECP’s contracted work force 86% local

Ecopetrol (NYSE:EC) issued a report on its third quarter 2016 contractor work force, showing an average of 21,700 people working on NOC projects through outside firms, with as much as 86% of them coming from the same region as the project. This and other Corporate Social Responsibility (CSR) projects in our routine summary.

Tuesday, December 6th, 2016
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