Both
It says it is withdrawing its second quarter production guidance and reducing the lower end of its second half 2021 guidance to acknowledge the impact of any additional blockades.
Gran Tierra says it had stopped production of about 5,250 barrels of oil per day as of Sunday from about 29,600 bpd before the blockades began.
It says it will leave its production guidance for the year at between 28,000 and 30,000 bpd if the blockades are lifted within the next two weeks, but warned it may have to shut down more wells if the situation worsens.
"We believe our temporary production reductions are only a deferral, not a loss of oil reserves, and that the high quality and value of our low-cost and low-decline conventional oilfields remain fully intact," said Gran Tierra CEO
The protests began
Although he backed down, protesters have remained on the streets, broadening their fight to include grievances ranging from the state of
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