Operations in Colombia's Putumayo department still are restricted nearly three weeks after a strike in the area forced state oil company Ecopetrol (NYSE: EC) and other producers to close pipelines and shut in production, an Ecopetrol spokesperson told BNamericas.
Calgary-based Gran Tierra (TSX, AMEX: GTE) and Petrominerales (TSX: PMG) first reported on November 24 that the strike had forced them to suspend some operations in the department.
Petrominerales suspended operations on its Orito and Aguilas blocks in Putumayo, while Gran Tierra shut in its Costayaco and Juanambu oilfields.
Costayaco accounts for a significant portion of Gran Tierra's current production as does Orito for Petrominerales.
The oil strike is being fueled by social unrest stemming from a pyramid scheme that reportedly defrauded up to US$200mn from millions of Colombians.
Spokespersons for Gran Tierra and Petrominerales were not immediately available for comment when contacted by BNamericas.
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