Gran Tierra reforecasts Colombian production

National protest movement bruises company targets, but exploration prospects look promising

Months of social unrest and protests in Colombia have forced Calgary-based independent Gran Tierra Energy to cut full-year production guidance. More than 597,000bl in crude output was curtailed in Colombia through May and June after violent demonstrations resulted in temporary shut-ins at many of the company’s oil fields and wells. Output has mostly returned to pre-protest levels since the political situation calmed, but Gran Tierra does not expect to make up for the losses. The company has shaved 1.8-5pc from its original production guidance for the year. “Gran Tierra is very well placed, having built a commanding licence position across large parts of the underexplored Putumayo

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