Prior consultations have created legal uncertainty in Colombia, as they have affected many investment projects and the development of several sectors in the country. The government wants to legislate a solution to this problem.
The president of the Colombian Petroleum Association (ACP), Francisco José Lloreda, spoke about the negative effect that popular consultations have had on the industry’s performance in Colombia.
The main reason Colombia hit 1mmbd and the main reason it has been hard to get back to 1mmbd has been Rubiales field.
Geopark Limited (NYSE: GPRK) announced its financial and operational results for the three-month period ended June 30, 2017. The company achieved record consolidated production and extraction in Colombia keeps “climbing”.
A report by the Colombian Petroleum Association (ACP) shows that 70% of the variables of the Multidimensional Poverty Index showed better results in oil producing regions than in those that do not develop oil activities.
Through a nationalist statement, the union spoke about unconventional resources and the visit of US Vice president Mike Pence in Colombia.
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