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Innovation and technology transfer: 2021 Parex Resources Innovation Fellows announced

Innovation and technology transfer: 2021 Parex Resources Innovation Fellows announced
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Parex Announces Ecopetrol Block Partnership, GHG Emissions Intensity Reduction Targets & Implements Quarterly Dividend

Parex Announces Ecopetrol Block Partnership, GHG Emissions Intensity Reduction Targets & Implements Quarterly Dividend
Parex Resources Inc. is a company headquartered in Calgary that focuses on sustainable, profitable, and conventional oil and gas production. All amounts herein are in United States dollars unless otherwise stated. Strategic Partnership Agreements with Ecopetrol in Colombia’s Arauca Province: Accessing High Quality Llanos Basin Development & Exploration Opportunities Parex is pleased to be expanding its strategic …
Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is a company headquartered in Calgary that focuses on sustainable, profitable, and conventional oil and gas production. All amounts herein are in United States dollars (“USD”) unless otherwise stated. ....

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Parex Announces Ecopetrol Block Partnership, GHG Emissions

Parex Announces Ecopetrol Block Partnership, GHG Emissions
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Colombia Oil Producer Harnesses Geothermal Energy

A geothermal energy pilot plant is providing electricity for a remote wellsite. PHOTO SOURCE: Parex Resources
Parex Resources Inc. (TSE: PXT) produces oil and gas from conventional onshore wells in Colombia’s Llanos and Magdalena basins. On the Las Maracas oil field, it is also producing geothermal energy via modular units to generate approximately 100 kilowatts of electricity for powering pumps and other equipment – a lower-cost and emissions-free alternative to bringing in fuel to the remote wellsite.
“Parex is extremely proud of the Las Maracas Geothermal Pilot Project – Colombia’s first geothermal pilot project,” Mike Kruchten, senior vice president for capital markets and corporate planning with Parex, told Rigzone. “The multi-disciplinary team continues to investigate new project opportunities and regions where it can be expanded to a larger scale to broaden the environmental, social, and economic benefits for all of Parex’s stakeholders and the commu ....

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Colombia's Ecopetrol Natural Gas, Oil Operations Hampered by Protests

Colombia’s national oil company Ecopetrol SA is the latest firm to announce operational difficulties because of protests that have roiled the country for ....

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