C&C Energia production stopped by days of local unrest in Colombia

November 26

CALGARY – Civil unrest in Colombia has forced C&C Energia Ltd. (TSX:CZE) to suspend oil and gas production at its Cravoviejo and Cachicamo fields, the junior energy company said Friday.

Roads in the area are still blockaded after days of protest, though there has been some easing in local tensions, C&C said.

However, it has not logged any sales for a week and production was stopped Nov. 20 after storage facilities reached maximum capacity.

A total of 7,000 barrels of oil per day of production was shut down, the company said in a statement.

Protests by local communities in nearby Tilodiran, Quebrada Seca and Algarrobo began Nov. 18, blocking roads that serve oil and gas operations for producers in the area.

Government agencies are working with the oil companies and the local population to resolve the situation and meetings with the Ministry of the Interior are to be held Friday and Saturday.

Calgary-based C&C currently operates nine blocks of oilfields in Colombia with 50 employees.

This entry was posted in resistance and tagged , . Bookmark the permalink.