ACP as a source of information
Source: Portafolio
Date: July 22
Headline: Public policy, towards a united and sustainable fuels and energy sector
In the framework of the 33rd National Congress of Fuel and Energy Distributors, there was a dialogue about the need to consolidate the unions, in search of achieving the representation that allows communicating the sector's interests to the Government (…) Under this context, the central panel of the event «Public Policy: Towards a united and sustainable fuels and energy sector” was developed, in which various personalities from the fuel sector and representatives of the Government participated, such as: José Manuel Moreno, director of Hydrocarbons Ministry of Mines and Energy; Ciro Fernández, president of the Fifth Commission of the House of Representatives; Didier Lobo, vice president of the Fifth Commission of the Senate; Carlos Eraso, manager of Regulatory Strategy Ecopetrol; Germán Ortiz, advisor of the Office of Economic Regulation of the SOLDICOM Fund; Johan Martínez, director of Energy and New Businesses of Asocaña; María Adelaida Pradllla, vice president Downstream of the Colombian Petroleum Association; Germán Cadena, Vice President of Fendipetróleo and Juan Pablo Ospina, who acted as moderator.
Source: El País
Date: July 21
Headline: Special District. By: Francisco José Lloreda Mera
The Municipal Council has begun the study of the project that seeks to implement the conversion of Cali into a Special District. A transcendental initiative, as depending on what is decided, it will contribute to improving development management or making Cali ungovernable. Hence the importance of conducting a good analysis, with feet on the ground. Weighing the benefits and risks, to get the model right and have clear challenges. The benefits of a public administration closer to the citizen, capable of addressing and providing timely solutions to the immediate problems of daily life in the communities, are undeniable. Replicated in: elpais.com.co (July 21).
Hydrocarbons Sector
Source: El Tiempo
Date: July 22
Headline: U.S. firm seeks to enter the electric sector
The capital fund Glenfarne Group, based in New York (United States), is looking for ways to enter the energy generation sector in the country, as it has been doing in recent years in Panama and Chile, mainly. (…) In this sense, one of the key initiatives that the Argos Group company is betting on is the El Tesorito thermoelectric project, a gas generation plant with a capacity of 200 megawatts, located in Sahagún, Córdoba, 57.5 percent of which was acquired in May by Epsa. The great advantage of this thermal project, in which Canacol Energy and another partner are also involved, is that it is a wellhead plant, meaning it is close to gas production areas, which gives it the strategic advantage of not needing a gas pipeline, as explained by a knowledgeable person on the subject.
Source: La República
Date: July 22
Headline: Who's who in oil production growth
The oil industry has managed to recover in 2019, evidenced by the fact that production is approaching 900,000 barrels per day again, a figure not reached since May 2016. (…) According to the latest figures from the National Hydrocarbons Agency (ANH), which classifies oil fields according to their operator, of the 894,519 barrels per day (bpdc) produced in May, Ecopetrol contributed 478,635, equivalent to 53.51% of the production. (…) Occidental de Colombia, which with 51,853 barrels ranks as the fourth national producer, with 5.8% of the total, and Equion Energía Limited, which represents 4.09% of the production and according to the ANH generated 36,595 bpdc in May. Other companies currently setting the pace are Gran Tierra Energy, whose operation generated 32,352 barrels in May (3.62%), Mansarovar, which with 25,702 bpdc contributes 2.87% and Hocol, which generated 19,456 barrels representing 2.17%.
Source: La República
Date: July 22
Headline: Dollar will be quoted at $3.178 awaiting the Fed
After the exchange rate completed its third day of decline on Friday, analysts consulted by LR estimated that this week the price of the dollar will remain below $3.200 and that, on average, it will be quoted at $3.178. (…) Regarding WTI prices, analysts expect that, on average, the barrel will decrease and be quoted at US$55.3.
Source: Portafolio
Date: July 22
Headline: Amerisur showcases business and local assets
The oil company's decision is based on the interest in its operations from other companies and the reactivation of the sector in the country. In the coming weeks or days, a significant business movement will shake the oil industry in Colombia. The British multinational Amerisur Resources would announce its decision to showcase the business and assets it operates in the national territory. (…) “It has a high-impact position on the surface with Oxy and other partners in the Putumayo basin of Colombia, a little-explored area with significant field potential. It also has a strategic position with ONGC in the Llanos basin through block CPO-5, which contains the Mariposa and Indico discoveries,” describes the oil company on its portal.
Source: Portafolio
Date: July 22
Headline: Third or fourth? By: Manuel José Cárdenas
It has been discussed among professors Jeremy Rifkin, American economist, sociologist, and writer, and Klaus Schwab, German economist, businessman, and founder of the World Economic Forum, whether we are in the Third Industrial Revolution or if we are already in the Fourth Industrial Revolution. (…) In the First Industrial Revolution, coal and the advent of the steam engine drove advancements. In the Second Industrial Revolution, it was oil, gas, and electricity that combined with the automobile and communication media such as radio and telephone. In this Third Industrial Revolution, we continue to use energy based on oil and other fossil fuels despite significant advances in renewable energy. The great engine has been digital technology.
Source: Portafolio
Date: July 22
Headline: Buenaventura and Villavicencio. By: Mauricio Cabrera Galvis
Exordium: On July 26, Let's Walk for Life! We must stop the impunity of the assassination of social leaders, human rights defenders, and guerrillas who laid down their arms. (…) On the contrary, after Loboguerrero, there is no alternate route to Buenaventura, so if it closes, our foreign trade would also collapse since, excluding oil and fuels that move through pipelines, a quarter of the goods exported and imported from the country pass through the road to Buenaventura.
Source: Portafolio
Date: July 22
Headline: The contribution of the fuel sector to air quality
As a follow-up to the intervention of the senator of the Republic, Paloma Valencia, who called for the hydrocarbons sector to develop programs focused on rescuing the strategic ecosystems of the country and recovering social license; within the framework of the 33rd National Congress of Fuel and Energy Distributors, (…) In this regard, José Manuel Moreno, director of Hydrocarbons at the Ministry of Mines and Energy, emphasized the need to create policies that help preserve air quality, in coordination with the National Development Plan and the matrix for cleaner fuels. Subsequently, Óscar Iván Urrea, head of the Market and Strategy department of Ecopetrol SA, confirmed the preventive actions that the oil company has carried out for several years, by reducing the amount of sulfur and ethanol in liquid fuels, as well as the joint work that has been developed together with the Ministry of Mines and Energy.
Source: Portafolio
Date: July 22
Headline: Energy sector and its impact on Border Areas
The panel on border areas, which took place within the framework of the 33rd National Congress of Fuel and Energy Distributors, focused on understanding the social and economic issues that arise in the border areas of the country. (…) During the panel, specific points and problems concerning the border areas were presented, where smuggling, the lower gasoline quota, subsidies, and the over-creation of service stations were the main topics. (…) At the end of the panel, it was proposed to generate a Pact for legality and transparency between the Ministry of Mines and Energy, the Ministry of Finance, the DIAN, the Fiscal and Customs Police, and Fendipetróleo, with the aim of avoiding the stigmatization of the sector due to a few; in addition to a negotiation table with the National Government, regarding the issues affecting the sector: marketing margin and assigned quotas.
Source: El Nuevo Siglo
Date: July 22
Headline: Producing regions demand a larger share of royalties
One of the key initiatives in the legislature that has just begun in Congress is the second round of the Royalty System reform, which seeks to improve the income of the regions where minerals are extracted as well as the shipping ports of the product. (…) She added that oil activity caused the department to grow by almost 300% because “many people from many parts of the country came in search of a job and stayed there. Then they generate the needs for housing, public services, education, and health that also had to be implemented. That is why we, the producing regions, like the department of Casanare, ask to be taken into account and to be recognized a little more for the effort that the region makes in environmental, administrative, and social issues, and to be compensated with resources that come from the source of royalties.”.
Source: El Colombiano
Date: July 22
Headline: El Carmen, one of the jewels overshadowed by war
Located among the mountains of Catatumbo, this municipality has been one of the most affected by ELN blasts on the Caño Limón Coveñas pipeline. The municipality of El Carmen, in Norte de Santander, seems suspended in time. Anyone arriving in this Catatumbo town may feel like they are in the colonial era: all the houses are made of tapia, they are white, and an orange stripe that crosses them at the bottom contrasts with the red and green in their wooden windows. (…) In the minds of the inhabitants of El Carmen, there are still memories of what happened in April 2017 when the ELN dynamited the Caño Limón Coveñas pipeline very close to the corregimiento of Guamalito, an urban area where most of the inhabitants of El Carmen are concentrated and which is located just 25 minutes from the municipal seat.
Source: El Meridiano de Córdoba
Date: July 22
Headline: They will seek more gas in Córdoba
Bogotá. The governor of Córdoba, Sandra Devia Ruiz, met with the president of the National Hydrocarbons Agency, Luis Miguel Morelli, to coordinate the application of ruling SU IIS – 2019 on new exploration projects in areas of hydrocarbon interest. In the meeting, the governor socialized six projects to be auctioned in Córdoba regarding gas exploitation in 20 municipalities.
Source: desdeabajo.info
Date: July 22
Headline: Fracking in Colombia: the battle continues
One of the campaign promises of the current president of Colombia, Iván Duque, was that under no circumstances would he allow oil exploitation via fracking. (…) In fact, for the Minister of Mines and Energy, María Fernanda Suárez, if the country begins to exploit unconventional deposits, energy autonomy could triple and oil and gas reserves would be 24 years and 30 to 50 years, respectively. (…) That is why Minister Suárez insists on allowing pilots in the Middle Magdalena Valley basin, in Cesar, La Guajira, Antioquia, and Santander. If it is demonstrated that fracking can be carried out “responsibly,” a step would be taken towards its acceptance. However, due to the ruling issued by the Council of State, the pilots are suspended and the National Environmental Licensing Agency (Anla) cannot approve favorable concepts for hydraulic fracturing either.
Source: El Tiempo
Date: July 21
Headline: Reader's forum. Has the Llano gone out of style?
Mr. Director: After the President spent a night in Guayabetal, silence returns about the only decent road in half of Colombia. Airfare remains sky-high. Construction materials are rising every day, paralyzing construction. One wonders why it had the highest tolls in Colombia, and nothing is being repaired. According to independent geologists, the constant overweight of the oil tankers and their vibration were also determinants in loosening the young mountain range. How much is the oil extracted from the Llanos worth, what happened to that money? Since we were designated as National Territories, we are like the room of San Alejo in Colombia. The Llano has not mattered to any president. Only during elections. Carlos Rojas Rangel.
Source: El Espectador
Date: July 21
Headline: The protagonists
Ecopetrol. The most important oil company in the country. Block Saturn. One of the basins with the greatest hydrocarbon potential in the world.
Source: El Espectador
Date: July 21
Headline: Operation 10%
10% was the authorization received by Ecopetrol's subsidiary in Brazil. Ecopetrol Óleo e Gas Brasil, from the Ministry of Mines of that nation for its participation in that block.
Source: El Espectador
Date: July 21
Headline: The background
Before this, Shell Brasil Petróleo and Chevron Brasil Óleo e Gas shared 50 and 50 %. After the authorization, both companies ceded 5 % of their respective shares so that Ecopetrol would have 10 % and each of them would have 45 %.
Source: El Espectador
Date: July 21
Headline: Poor non-traditional goods. By: Armando Montenegro
It is important to understand why non-traditional goods exports did not take off after the devaluation that occurred due to the drop in oil prices in 2014. The amount of those exports in 2017 and 2018 was even lower than that recorded between 2011 and 2013, before the sharp correction of the exchange rate occurred. From a macroeconomic perspective, Colombia's current account deficit has stabilized around 4 % of GDP, a very high percentage, largely as a result of the weak response of exports to the exchange rate stimulus. An imbalance of this magnitude is not sustainable and, for now, can only be maintained thanks to the country's ability to attract international capital flows (if, for some reason, these were to be lacking, a sharp contraction of the economy would occur, as in 1999).
Source: Semana
Date: July 21
Headline: Alarming perspective
Some international experts believe that without fracking, Colombia will not be viable in a short time. With only six years of oil reserves left and the development of offshore fields potentially taking longer than that, the country is at risk of running out of oil. The cost of this would be: 1) Stopping the export of 20 billion dollars of crude oil per year, half of the country's total exports. 2) The treasury would stop receiving 30 trillion pesos per year in taxes, royalties, and dividends from Ecopetrol. 3) It would be necessary to import 16 billion dollars of crude oil per year for national consumption.
Source: Diario del Huila
Date: July 21
Headline: Oil auction
The national government's concern to find new hydrocarbon production wells in Colombian territory that lead to increasing the potential reserves the country presents has led the National Hydrocarbons Agency to prepare a package of 50 areas to initiate the second oil auction. In addition to 22 zones, 9 that remained from the first would enter the list, as well as the remaining ones from the purification of the 38 that are in incorporation. (…) The areas are located in the basins of Sinú Offshore, San Jacinto, lower Magdalena Valley, middle Magdalena Valley, and Caguán – Putumayo. Exploitation in the Huila territory is planned here. Let us remember that oil production in this region has been declining over the last two decades.
Source: Stay informed
Date: July 21
Headline: Ecotourism planning for the Palagua swamp
The Regional Autonomous Corporation of Boyacá ‘Corpoboyacá’ adopted the ecotourism planning for the Palagua swamp, making this wetland the first in Boyacá to be covered by a measure aimed at harmonizing the protection of the water body and the tourism offer. (…) Engineer José Ricardo López Dulcey, director of Corpoboyacá, highlighted the commitment of the Mayor's Office and the contribution of Ecopetrol and IJP that will allow progress in the cleaning tasks of the water body currently affected by the presence of an aquatic plant known as taruya and an invasive lettuce, species that due to their rapid growth reduce the oxygenation of the swamp and limit its navigability, two factors that negatively impact the economy of fishermen.
Source: larazon.co
Date: July 21
Headline: Six gas exploration projects will be auctioned in Córdoba
Córdoba will be a gas powerhouse. The projects are expected to be auctioned by September of this year at the latest. Montería. In the coming days, the National Infrastructure Agency will visit the department of Córdoba to publicly announce that at least 6 gas exploration projects will be auctioned, affecting 20 municipalities in this department. The governor of Córdoba, Sandra Devia Ruiz, met on July 19 with the president of the National Hydrocarbons Agency, Luis Miguel Morelli, to learn about the socialization of these six projects in areas of central, northern, and upper San Jorge. (…) The announcement comes after the multinational gas company Canacol Energy confirmed a new gas discovery in the Ciénaga de Oro sandstone reservoir in the department of Córdoba. The new gas discovery in this department would have a final production rate of approximately 30.4 million cubic feet of gas per day at the Ocarina 1 well.
Source: lapiragua.co
Date: July 21
Headline: Governor Devia: «Córdoba will soon be a gas powerhouse»
The governor of the department of Córdoba, Sandra Devia Ruiz, during a meeting she held on Friday, July 19, with the president of the National Hydrocarbons Agency (ANH), Luis Miguel Morelli, stated that the region will be a gas powerhouse through gas exploration that already has six projects to be auctioned. It is expected that these projects will have impacts in at least 20 municipalities in the Córdoba locality, among which the central, northern, and Alto San Jorge areas stand out. (…) As a reminder, last Thursday, the Canadian oil company Canacol Energy reported a new gas discovery in the exploratory well Ocarina 1, located in block VIM5 of the Ciénaga de Oro sandstone reservoir in Córdoba.
Source: El Tiempo
Date: July 20
Headline: Uncertainty, parochialism, and pessimism. By: Carlos Caballero Argáez
Sometimes it is good to leave the country for a few days, calmly observe what is happening in the world, and set aside the small-mindedness and parochialism in which we Colombians immerse ourselves daily. (…) Someone had mentioned to me in recent days that the sale of state assets to generate resources for the treasury (6 trillion pesos in 2019, according to the medium-term fiscal framework) could be achieved if intra-state operations were carried out, and that there were rumors about the matter. That is, if, for example, Ecopetrol bought a shareholding in ISA. I did not believe such an absurdity was possible.
Source: La República
Date: July 20
Headline: In 200 years, the economy has shifted from gold to oil
Following the cry for Independence on July 20, 1810, a violent process ensued that dashed many of the hopes of entrepreneurs who years earlier had based their economic activities on agriculture and livestock. (…) Later, the good dynamism of the economy was also based on large mining operations (oil, coal, and ferronickel, in particular). «The importance of oil is recent. Before, production was concentrated on tobacco and coffee. Marijuana was also very important in the 70s,» said Jorge Iván González, a professor at the National University. Ocampo concludes that the significant change in these 200 years has been the growing importance of the oil and mining sectors, which consolidated in the 21st century.
Source: La República
Date: July 20
Headline: Amerisur will sell assets in Colombia
The British oil and gas company Amerisur Resources Plc (AMER.L) said on Friday that it received a non-binding proposal, as well as other indicative offers for some assets. The company is reviewing strategic options, including a possible sale. The review comes a month after Amerisur focused on South America and partnered with Occidental Petroleum Corp (OXY.N) in four exploration and production blocks in southern Colombia, near the border with Ecuador. «In light of the high level of recent activity in the exploration and production sector in Colombia, it has decided to conduct a formal review of the various strategic options available to the company to maximize value for shareholders,» Amerisur said in a statement.
Source: La República
Date: July 20
Headline: The dollar traded at an average of $3,169.5 and lost $13.5
In the last trading session of the week, the dollar traded at an average price of $3,169.5, which represented a drop of $13.5 against the Representative Market Rate, which for Friday was at $3,183.01. (…) Meanwhile, oil prices recovered after several declines during the week. The benchmark Brent crude gained 0.87% to a value of US$62.47 per barrel, and WTI rose 0.60% to a price of US$55.63 per barrel.
Source: La República
Date: July 20
Headline: Pemex will face a crude oil deficit for refining
Throughout this six-year term, Petróleos Mexicanos (Pemex) will not have enough crude oil to meet its refining goals, so it will likely have to import the shortfall, according to the projected figures in its Business Plan 2019-2023.
Source: La Opinión
Date: July 20
Headline: Fuel consumption increased by 70% in June
After the storm comes the calm. The long lines are behind us, and sales at service stations increased due to the fuel shortage in Venezuela. The Ministry of Mines and Energy reported that Norte de Santander consumed 11.7 million gallons in June, 4.8 million more than in the same month last year. (…) The ministry reported in May that it would monitor gasoline and ACPM consumption in the department, to be alert if an addition is required. During his last visit to the city, the Deputy Minister of Energy, Diego Mesa, said that based on this ongoing monitoring of demand, national authorities will make a decision regarding the subsidized quota assigned to the department.
Source: La Opinión
Date: July 20
Headline: Hydrocarbon contracts signed
Luis Miguel Morelli, president of the National Hydrocarbons Agency (ANH); Diego Mesa, Deputy Minister of Energy; and Richard Herbert, executive director of Frontera Energy Corp, signed two new contracts for the exploration and production of hydrocarbons for blocks VIM 22 and LLA 99, in which 73 million dollars will be invested.
Source: El Frente
Date: July 20
Headline: Brief news from Buenos Aires: Remodeling of sports complex
In partnership with Mansarovar Company, the Infrastructure Secretariat of Barrancabermeja, Santander, through the construction, workshop, and painting team, carried out the remodeling of the sports complex in the Coviba neighborhood stage 2. A new enclosure, arches, boards, gates, and painting are part of the works executed to provide the community with a venue in optimal conditions for practicing sports and healthy recreation.
Source: larepublica.co
Date: July 20
Headline: In 200 years, the Colombian economy has transitioned from colonial gold to oil
From colonial gold, it moved to the production of tobacco or quinine. Later came the boom of coffee and large mining operations and the rise of oil. Following the cry for Independence on July 20, 1810, a violent process ensued that dashed many of the hopes of entrepreneurs who had previously based their economic activities on agriculture and livestock. (…) Later, the good dynamism of the economy was also based on large mining operations (oil, coal, and ferronickel, in particular) on which we still depend today. Last year marked 100 years since the first discoveries of crude oil were recorded in the La Cira – Infantas field, near Barrancabermeja, with reserves of 800 million barrels. And in 1951, the Colombia Oil Company was created, now Ecopetrol.
Source: pacocol.org
Date: July 20
Headline: The liar Iván Duque does not grasp the damage that fracking will do to Colombia
One of the campaign promises of the current president of Colombia, Iván Duque, was that under no circumstances would he allow oil exploitation via fracking. It is clear that all politicians make proposals that they will never fulfill, but having a 180-degree turn on one of the most controversial and dangerous issues in the world demonstrates the little independence the head of State has to make his own decisions. (…) However, knowing the president's trickery and that of his powerful bosses, the economic and legal battle will continue. In fact, for the Minister of Mines and Energy, María Fernanda Suárez, if the country begins to exploit unconventional deposits, energy autonomy could triple and oil and gas reserves would be 24 years and 30 to 50 years, respectively [4].
Source: Blu Radio
Date: July 19
Headline: Ecopetrol increases its presence in Brazil, the Ministry of Mines and Energy of Brazil authorized the transfer to its subsidiary in that country, Ecopetrol Óleo e Gas Brasil, of the 10% of the Saturn block
Source: RCN Radio.
Date: July 19
Headline: Ecopetrol S.A. reported that the Ministry of Mines and Energy of Brazil authorized the transfer to its subsidiary in that country, Ecopetrol Óleo e Gas Brasil, of the 10% of the Saturn block, located in the central region of the Santos basin
Source: RCN Radio.
Date: July 19
Headline: The Council of State will gather evidence on the use of fracking. The Council of State is also awaiting the results of the Interdisciplinary Commission of the National University on the risks, implications, technique, and procedures for carrying out exploration and exploitation of hydrocarbons in unconventional deposits Unconventional
Source: Javeriana Estéreo
Date: July 19
Headline: Front Page: The CEO of Frontera Energy Richard Herbert and the director of the National Hydrocarbons Agency Luis Miguel Morelli signed the exploration and production contracts for the VIM 22 and LLA 99 areas, which were awarded to the company in recent days and will have to invest nearly US$73 million dollars in these two new blocks over the next few years
Source: Caracol Radio Santa Marta
Date: July 19
Headline: Oil reactivation arrives in Magdalena with the help of the National Hydrocarbons Agency
Source: pacocol.org
Date: July 19
Headline: In Tolima, they say no more to hydrocarbon extraction
The Pijao community, which inhabits the municipalities of Ortega and San Luis, Tolima, is demanding that the hydrocarbon extraction company Hocol S.A leave their territories due to the multiple impacts that this activity has left on fauna and flora. According to David Alirio Uribe, Lawyer of the Podion Corporation, the extraction of hydrocarbons has not only had environmental impacts such as the deterioration of aquifers, but it has also generated impacts on the community, as the noise pollution produced by the company has exceeded the noise levels determined in resolution 0627 of 2006. (…) According to lawyer Uribe, among the measures they will implement is the request to the National Environmental Licensing Agency (ANLA) to sanction or suspend the company for its oil activities and for the company to compensate for the environmental damage it has caused.
Regional News
Source: Diario del Huila
Date: July 21
Headline: Oil field in the Eastern Plains reached record production figures
In compliance with this plan, since September 2017, a dynamic drilling campaign has been launched that to date has recorded 35 wells executed and plans to drill four more wells before the end of 2019. The Caño Sur Este field, located in the municipality of Puerto Gaitán (Meta) and operated by Ecopetrol, recorded on July 15 a production of 4,367 barrels of oil per day, the highest volume in the history of this asset that began operations in 2011. (…) The Caño Sur Este field belongs to Ecopetrol's Eastern Regional division, along with the Rubiales field. Together they produce around 124,000 barrels of oil per day, which represents about 19.1% of the company's total production.
Source: laschivasdelllano.com
Date: July 21
Headline: Road safety campaigns are being carried out by the Yopal Transit Secretariat in Morichal
The promoters and Municipal Traffic agents took over this week the road leading to the townships of Morichal and Tilodirán, to conduct prevention talks aimed at motorcyclists, public and private vehicle drivers, cyclists, and pedestrians; emphasizing the use of protective gear, not exceeding speed limits, and general respect for traffic regulations. (…) Likewise, the company Ecopetrol provided support with the campaign ‘Let Them Pass’, conveying the message to be careful with animals crossing the road, to also avoid deaths of specimens from different species in the region.
Source: El Heraldo
Date: July 20
Headline: Caño Sur of Ecopetrol reached record production
Ecopetrol reported that the Caño Sur Este field, in Puerto Gaitán (Meta), recorded on July 15 a production of 4,367 barrels of oil per day, the highest volume in the history of the field since it began operations in 2011. This production is 1,146 barrels of oil per day above the forecasts.
Source: La W Radio
Date: July 19
Headline: Ecopetrol's oil field reached record production. The Caño Sur Este, located in Puerto Gaitán, Meta, according to reports, recorded on July 15 a production of 4,367 barrels of oil per day, as a result of a comprehensive growth and optimization plan.
Source: Javeriana Estéreo
Date: July 19
Headline: Front Page: Charges filed against former Bioenergy manager for alleged undue interest in the construction of the ethanol plant in Puerto López, Meta
Source: elnuevosiglo.com.co
Date: July 19
Headline: Crude oil field in Meta reached record production figures
The Caño Sur Este field, located in the municipality of Puerto Gaitán (Meta) and operated by Ecopetrol, recorded on July 15 a production of 4,367 barrels of oil per day, the highest volume in the history of this asset that began operations in 2011. This production is 1,146 barrels of oil per day above forecasts and is the result of a comprehensive growth and optimization plan that began to be implemented in 2017, and operational synergies with the Rubiales field, the largest crude oil producer in Colombia located 35 kilometers away. (…) Another key aspect for the results has been the synergies with the Rubiales field, the largest in the country, which have allowed it to achieve efficiencies in areas such as the development of engineering contracts, chemical treatment and maintenance, as well as logistical and administrative support.
Source: noticierodelllano.com
Date: July 19
Headline: Charges were filed for alleged irregularities in Bioenergy
The Prosecutor's Office filed charges against the former manager of Bioenergy, Javier Leonardo Flórez Muñoz, and the former legal representative of the Spanish company Isolux Corsal, Ignacio Juan Revilla Fernández. It was said that the investigation is related to alleged undue interest, which would have led to the awarding of a contract to the company Isolux Corsan for the construction of the ethanol plant, which had an initial cost of 138.6 million dollars. According to the Prosecutor's Office, despite the presentation of two consortiums, the manager of the company approved the construction of Isolux Corsan without having the technical experience in the industrial alcohol fuel plant, which led to delays in the works.
Colombian Association of Oil and Gas