News and AnalysIs for

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.

October 3, 2012 From an Ecopetrol press release published on the MinMinas site. Translated and with commentary by Hydrocarbons Colombia.

From a MinMinas press release. Translated and with commentary by Hydrocarbons Colombia.

MME, Bogotá DC, October 1, 2012. Thirty eight investment projects in transport, health, education, culture, environmental and agricultural development, among others, were approved by the College of Management and Decision (OCAD) held in the department of Arauca.

October 2, 2012 Petroamericas issued a press release updating its Colombian operations both exploration and production. Highlights include

The head of the Colombian Transporters Confederation, Jorge Ignacio Garcia, told RCN Radio yesterday that the association’s 50,000 members had “turned off their motors” indefinitely because of a CoP$76 (US$0.04) increase in the price of a gallon of gasoline and CoP$111.60 (US$0.06) per gallon of diesel fuel. In Bogotá, the price of a gallon of diesel is US$4.58. (Unusually for a country which otherwise uses the metric system, gasoline prices are quoted per US gallon which is about 4 liters.)