Civil War and Uncivil Development by David Maher

Author:David Maher
Language: eng
Format: epub, pdf
Publisher: Springer International Publishing, Cham

Greater security for oil interests has encouraged new oil exploration in the region, especially as some of the most attractive locations for oil exploration in Arauca were often located in areas controlled by the guerrillas (Rueda 2002; GAO 2005: 19). Following the decline in pipeline attacks, companies began increasingly exploring Arauca’s potential oil reserves, including companies such as Repsol-YPF and Canadian firm Pacific Rubiales ( GAO 2005: 3; Observatorio de Multinacionales en América Latina 2006; Canada Newswire 2011; PR Newswire 2011). By 2011, exploratory oil drilling in the Arauca Block had generated a good deal of enthusiasm within Pacific Rubiales . As Ronald Pantin, Pacific Rubiales’ CEO, stated in 2011, ‘We are very encouraged by this first success in the Arauca Block as this represents an auspicious start of the activity in this brand new oil region, setting the path for new discoveries that will enlarge our resource base and ensure the long term growth of the block’ (Pacific Rubiales 2011: n.p.).

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