Ecopetrol (NYSE:EC) spoke about the development of its first project in the department of Nariño, following the Works for Taxes modality. These and other stories in our periodic Royalties summary.
Lower oil prices inevitably led to lower netbacks in 3Q19 and that could not have made the CFO happy. But production costs were slightly lower on average so operations people should not catch any flak (or at least, not any more than usual).
The Colombian government has taken different measures to boost the sector’s reactivation. Experts spoke on the matter.
The National Hydrocarbons Agency (ANH), the Territory Renewal Agency (ART) and the Presidential Council for Stabilization, signed a letter of understanding to develop Development Programs with Territorial Approach (PDET) in oil regions.
The Colombian Association of Petroleum Engineers (Acipet) awarded oil and gas projects for their “excellence and relevance in the national context.”
The Ministry of Environment (MinAmbiente) confirmed that it will clean 300 hectares of the San Silvestre swamp in the first six months of 2020, thanks to Ecopetrol’s (NYSE: EC) help. The development of these and more stories in our periodic Eco summary.
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