Colombia’s oil sector was impacted heavily by the violent protests in Q2
Gran Tierra reforecasts Colombian production
National protest movement bruises company targets, but exploration prospects look promising
Months of social unrest and protests in Colombia have forced Calgary-based independent Gran Tierra Energy to cut full-year production guidance. More than 597,000bl in crude output was curtailed in Colombia through May and June after violent demonstrations resulted in temporary shut-ins at many of the company’s oil fields and wells. Output has mostly returned to pre-protest levels since the political situation calmed, but Gran Tierra does not expect to make up for the losses. The company has shaved 1.8-5pc from its original production guidance for the year. “Gran Tierra is very well placed, having built a commanding licence position across large parts of the underexplored Putumayo and O
Also in this section
26 March 2025
Well-functioning democracies are required for healthier economies and a thriving oil industry
26 March 2025
Nigeria’s mega-refinery is traversing the world in search of crude for the majority of its needs and may well export large swathes of its products
26 March 2025
Oil majors including Shell, TotalEnergies and Chevron are turning to Suriname’s oil potential as South America’s smallest country seeks to replicate the success of neighbouring Guyana
26 March 2025
The Paris-based energy watchdog is reverting to its core mission and putting security over transition
