Gran Tierra Energy raised its daily production estimates on increased yields from the Costayaco field in Colombia and sustained production from its Moqueta well where it discovered a new oil column earlier this year. Colombia continues to provide the majority of its daily production.
This week saw little new material or events in relation to the ongoing peace talks in Havana, as both Santos and the Farc continued to repeat their stance while little official communication comes out of the talks in Cuba.
Citing a “high rate of accidents” due to the amount of heavy trucks on the roads in Casanare, the Casanare Secretary of Transportation has issued a resolution that prohibits heavy trucks, including the tankers carrying oil, from using the roadways on weekends on holidays.
Average daily production of oil in July 2013 in Colombia reached a new record of 1,020,000 barrels per day, a 14.8% increase over the same period last year, and comes despite a number of strikes, blockades and protests in oil production regions.
A subject of contentious debate, the new royalty system has its share of critics and the director of the National Planning Department (DNP) looked to quell detractors while speaking on the advances of the government during the current administration’s 3 years in office.
Representatives from multiple oil operators, the Interior Ministry and the National Hydrocarbons Agency met with the mayor of San Luís Palenque and local village spokespeople to sign an agreement related to local hiring and road maintenance.
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