Petrobras' Drilling Plans Offshore Colombia Suffer Legal Setbacks
ECEcopetrol(EC) ZACKS·2024-09-16 20:55

Petrobras S.A. (PBR) and Ecopetrol (EC) have suffered a major setback while drilling for an offshore gas well in Colombian waters. A Colombian judge has ordered the companies to stop the drilling of the Uchuva-2 well in response to a suit filed by an indigenous community that sought protection. The community hailed from the Taganga area, which lies close to the city of Santa Marta.Dispute With the Indigenous CommunityThe community stated that the companies should have sought their approval prior to drilling ...