Deal #805

Colombia
Created at
2013-02-15
Last update
2023-03-18
Last full update
2023-03-16

Land area

Size under contract (leased or purchased area)
  • [2019-02, current] 14860 ha
Comment on land area
The current distribution and the polygon of the area were found in the Agencia Nacional de Hidrocarburos, the colombian institute in charge of the Mining Projects in Colombia. I downloaded the data from http://www.anh.gov.co/Asignacion-de-areas/Paginas/Mapa-de-tierras.aspx

Intention of investment

Intention of investment
  • [current] Oil / Gas extraction (14860 ha)
Comment on intention of investment
Oil/Gas - Just 14860 under extraction, the rest is still in exploration.

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
Thomas Siron: There is no land rights transfer but the state authorize an enterprise to explore and exploit the subsoil in an indigenous reserve ("resguardo"). / There was an update in the contract on October 20, 2006. The government allowed the exploration for 6 years and afterwards the company will have the permission to exploit the field until it is economically possible. Source: http://www.bvc.com.co/recursos/emisores/especiales/2007/EmisionesPrimarias2007/EopetrolEmisionPrimaria2007/Prospecto_Ecopetrol.pdf - Page 125

Negotiation status

Negotiation status
  • [2006-10-20, current] Concluded (Contract signed)
Comment on negotiation status
Before the exploitation, according to the Constitution and OIT Convention 169, the State has to consult indigenous people who live in the affected area. In this case, U'Wa people refused the exploitation (one organization expressed it during the consulting process and other organization refused to participate in the process) but in 2006, the State Council decided that the project could go forward. I couldn't find recent informations about the state of the project.

Implementation status

Implementation status
  • [current] In operation (production)
Comment on implementation status
Before the exploitation, according to the Constitution and OIT Convention 169, the State has to consult indigenous people who live in the affected area. In this case, U'Wa people refused the exploitation (one organization expressed it during the consulting process and other organization refused to participate in the process) but in 2006, the State Council decided that the project could go forward. I couldn't find recent informations about the state of the project. According to the ANH in 2017 there was 14860 Has under oil extraction. See excel file in the sources. The extraction of Gas was possible in 2009 and they were extracting 30 Milliong of cubic feets per day. (https://www.portafolio.co/economia/finanzas/pozo-gibraltar-resulto-reserva-gas-condensado-petroleo-451834)