The ongoing debate on the General Royalty System (SGR) and its upcoming budget has consolidated the primary criticism of the system: it fails to create any meaningful, large scale projects for Colombia’s region.
GasColombia’s natural gas production in September 2016 grew 1% compared to August, to reach 992.1B BTU, with a 26.6% increase coming from the Cupiagua field, according to a study.
The office of the VP of economic affairs of the Colombia Petroleum Association (ACP) published a report that followed the primary trends and found a slight price increase, growing demand due to a closed Venezuelan border, and declining imports from the first quarter 2015 to the same period this year.
Caquetá represents the new frontier for oil production in Colombia, a region with promising potential to develop reserves and a basin without much activity thus far, especially if the armed conflict ceases.
This week we published a press release by the senator from Meta, Maritza Martínez where she accused the recently-approved royalties budget of being unfair to Llanos producers including her home department.
The USO is digging in for a fight with Ecopetrol (NYSE:EC) over its use of contractors and their labor, and said the NOC is unwilling to discuss extending benefits for direct workers to its outsourced employees.
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