News and AnalysIs for

From a Ministry of Environment and Sustainable Development (MinAmbiente) press release. Translated and with commentary by Hydrocarbons Colombia.

On Saturday October 6, 2o12 the Colombian Armed Forces killed three men and a woman, wounding a minor in a municipality known variously as El Bordo and La Patia which is in Technical Evaluation Block Cauca 6. These are perhaps the only facts we know for certain.

The Colombian Statistical Institute reports that Colombian exports fell 7.6% in August 2012 year-over-year because of a 17% drop in exports from the extractive industries. Crude oil exports were down 14.7% in volume.

We have started tracking security events that could be important for the Oil and Gas. These are not necessarily direct attacks on oil and gas infrastructure but evidence of terrorist activity in zones of hydrocarbons interest. See our dedicated page here for a complete listing and methodology. We will only be publishing significant events and summaries in the Hydrocarbons Colombia page.

October 3, 2012 13:30 Bogotá/Houston; 12:30 Calgary; 14:30 Toronto/New York; 19:30 London

The Petroleum Workers Union (USO) called for an industry-wide strike in the important oil department of Meta for today October 3, 2012.

Source: January-June MinMinas, Hydrocarbons Colombia; September 2012 from Parex
A Parex Resources press release says that September production was 11,850bpd versus 10,300bpd in 2Q12. The company expressed confidence in hitting at least 13,000bpd assuming current operating conditions continue, especially the assumption that proven wells get approvals for production and that existing wells decline at the current observed rate.