A number of communities in the Aguazul and Maní municipalities have issued a joint statement to local press alleging that oil operator Perenco Colombia is not complying with legal requirements on environmental, social responsibility and soclaization matters. Is this the latest community to engage in hardball negotiations with oil producers or are the accusations founded?
Ecopetrol has a number of programs including bridge improvements and educational programs, while Raven says its ready to invest in social programs and Llanopetrol is backing students for petrochemical studies. These and other Corporate Social Responsibility programs to make local press lately.
Local hiring and the ongoing debate between the economic benefits to the local economy achieved through using tankers to transport crude stood out as the top items in this week’s road review.
Huila governor Carlos Mauricio Iriarte Barrios said that there is an opportunity for departments in Colombia’s south to join forces to become more competitive to win royalty projects that meet the needs of this region.
Citing shifting, exaggerated demands and requirements from the local community near its Llanos 30 block E&P operations, Parex has decided to close the operation and cancel contracts with local suppliers.
Pacific Rubiales Energy (TSX:PRE), says that it plans to leave its flagship field, Rubiales, as a success of the past, saying that it now represents only 11% of its proven reserves and that by the end of 2016 it will have been replaced. This process continues to define the company’s message to the market.
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