From an Environment Ministry press release. Translated and with commentary by Hydrocarbons Colombia.
C&C Energy updated its corporate presentation for the FirstEnergy/Societe Generale Global Energy Conference in London. The presentation showed C&C to be one of the few companies operating in Colombia with steadily growing production. The company says it is committed to a 100% Colombian strategy and is looking for acquisitions or farm-in opportunities to maintain growth beyond its own success with exploration. They will definitely participate in the 2012 Round of auctions. We discussed their 2Q12 performance here. Some highlights
Resolution 0770 of September 13, 2012 of the National Environmental Licensing Agency (ANLA) concerns Emerald Energy’s activities in the municipalities of Garzon and Gigante, Huila in the Upper Magdalena Basin. Previously the local environmental agency — the Autonomous Corporation of the Magdalena River Basin (CAM for its initials in Spanish) — had imposed on the operator immediate suspension of four activities for failure to comply with the terms of its environmental license:
From a Defense Ministry Press Release. Translated and with commentary by Hydrocarbons Colombia.
A new security forces plan aimed at protecting the country’s economic infrastructure, was announced today by the Minister of Defense, Juan Carlos Pinzón, during the “All Allied for Safety” forum organized by Semana magazine.
Business newspaper Portafolio reports that a project sponsored by high-profile congressman Simón Gaviria and colleague Jaime Rodríguez would allow municipalities to charge mining and hydrocarbons companies a local “Industry and Commerce” tax known as ICA.
Source: Petrominerales, Hydrocarbons Colombia.
In a press release, Petrominerales provided an update on production and exploration. The production summary can be seen in the chart: yet another month of lower production this time 8% month over month. The company did not provide a zonal breakdown as they did in their 2Q12 results. However the company did explain the August results precisely in terms of