The Colombian Auditor General issued a warning about risks associated with Ecopetrol’s sometimes complex interational structures. Like any large firm, Ecopetrol uses a variety of offshore vehicles to structure its operations.
Canacol reported that the company’s proven reserves (1P) increased by 98% over fiscal year-end (June) 2011. As the chart shows, this was primarily due to the acquisition of contracts in Ecuador (3.2MMbbl) although Colombian reserves still grew a substantial 38% year-over-year.
September 19, 2012 3pm Eastern, 1pm Calgary, 2pm Bogota
We don’t normally write about global oil prices except on the weekends when the roller-coaster ride is over for 48 hours and there is time to sit back and reflect.
In a Global Energy Development PLC press release, the company announced its plans for both conventional and non-conventional operations in Colombia, through its subsidiary Colombia Energy Development.
Colombia’s two largest oil and gas companies scored well in the Dow Jones Sustainability Index-World as compiled by the Swiss firmSustainable Asset Management (SAM). In a press release, Ecopetrol announced that
Extracted from an Environment Ministry press release. Translated and with commentary by Hydrocarbons Colombia.
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