Colombian press says there is all sorts of weirdness at PRE.to’s flagship Rubiales field, and the company may have to shut the field for the second time in just over a month over protests. Dinero reports (my excessively literal translation):
Pacific Rubiales threatens to shut operations in Rubiales field
Pacific Rubiales said Tuesday that at least 30 people entered the field and have burned tanker trucks and the encampments and that they suspect that it has to do with groups at the margin of the law, who are risking the integrity of the workers.
The vice president of corporate affairs, Federico Restrepo, indicated that the decision to halt production in the field and investments will be “taken at any moment.” [Note: they use the future tense, saying it will be taken, but the rest of the article seems to say that the decision may be taken — grains of salt always useful when dealing with these sorts of stories.]
Restrepo assured that Colombian law permits the closure because a red alert of hostile issues has been declared.(continues in Spanish, and yes, you should know how to read Spanish if you are investing in Colombia)
I haven’t had time to try and reach PRE.to or the workers’ union on this one…feel free to chime in if you know anything about the situation beyond what this article says, as the description here seems exceedingly sketchy.