Pacific Announces Update on Quifa Contract

Source: www.gulfoilandgas.com 4/23/2013, Location: South America

Pacific Rubiales Energy Corp. provided an update to the March 13, 2013 news release with respect to its arbitration with Ecopetrol, S.A. (Ecopetrol) regarding the interpretation of the high-prices clause (PAP) in the Quifa Association Contract.

The Company has filed a request for annulment of the arbitration panel’s decision with the Consejo de Estado (Colombia’s supreme court for administrative matters). On April 15, 2013, the Company agreed to distribute the additional PAP production from the Quifa SW field to Ecopetrol in accordance with then terms of the arbitration panel’s decision. The Company is in contact with Ecopetrol to co-ordinate and program crude deliveries in accordance therewith. This interim position of the Company is subject to the final determination of the Consejo de Estado on the annulment of the decision.


Norway >>  5/20/2022 - Preliminary production figures for April 2022 show an average daily production of 1 871 000 barrels of oil, NGL and condensate.

Total gas ...

Cameroon >>  5/19/2022 - Victoria Oil & Gas Plc , whose wholly owned subsidiary, Gaz du Cameroun S.A . ("GDC"), is the onshore gas producer and distributor with operations lo...

United Kingdom >>  5/19/2022 - Hurricane Energy plc, the UK based oil and gas company, provides an update on Lancaster field operations and net free cash balances as of 30 April 202...
United States >>  5/17/2022 - Canadian Overseas Petroleum Limited ("COPL" or the "Company"), an international oil and gas exploration, production and development company with produ...

Russia >>  5/16/2022 - PAO NOVATEK (“NOVATEK”) announces that the Company's subsidiary OOO NOVATEK-Yurkharovneftegas has started pilot production from gas condensate deposit...
United Kingdom >>  5/16/2022 - Union Jack Oil plc (UJO), a UK focused onshore hydrocarbon production, development and exploration company, is pleased to announce its audited results...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.