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Parex Resources
  • About Parex

    About Parex

    With over 10 years of experience, Parex is now the largest independent exploration and production company in Colombia. We are focused on delivering sustainable, conventional oil and gas production and growing our business over the long term.

    • Purpose
    • Leadership
    • Directors
    • History
    • Governance
  • Operations

    Operations

    Parex is focused on delivering safe, reliable production and exploration in Colombia. Learn more about our operations in the Llanos and Magdalena basins, and how we are progressing our strategy to grow production and become a multi-field operator.

    • Overview
    • Vendors & Contractors
  • Investors

    Investors

    Parex has a proven track record of success built on delivering total shareholder returns through growth and return of capital measures.

    • Why Invest?
    • Presentations & Events
    • Reports & Filings
    • Analyst Coverage
    • Tax Information
  • Sustainability

    Sustainability

    Delivering safe, responsible operations is foundational at Parex. We are committed to continuously improving our ESG practices, which include minimizing our environmental impacts, building lasting relationships with stakeholders and contributing to local community development.

    • Approach
    • Environment
    • Social
    • Governance
    • Reporting
  • News

    News

    Learn more about our latest business results, announcements and more.

    • Press Releases
    • Photo Library
    • Video Library
  • Careers

    Careers

    At Parex, our employees are the foundation of our success. Our culture embraces inclusion, diversity and innovation. We work collaboratively as a highly engaged and motivated team to solve challenges and deliver business results. Learn why you should join now!

    • Working at Parex
    • People & Culture
    • Current Opportunities
    • Fraud Alert

Social

Approach Environment Social Governance Reporting
Social
    Approach Environment Social Governance Reporting

Social

Committed to improving the wellbeing of communities where we live and work

Through active engagement with local stakeholders, Parex strives to build long-term, positive relationships that ensure everyone benefits from local resource development.

Through voluntary social investments and investments related to contractual commitments with Colombia’s National Hydrocarbons Agency, we are committed to enhancing the life of communities through sustainable development.

Read more about our social priorities and commitments in our Social Responsibility Policy

Social Investment Priorities in Colombia

Economic development
Community strengthening
Culture, recreation, and sports
Support to the development plan
Institutional strengthening
Cross-cutting projects

2021 Social Investment Milestones

US$6.3
million invested in Colombia
~11,000
community members gained access to water through our “Water for All” program
3 schools
gained access to electricity through our installation of solar panels

Delivering Against Our Goals

“Water for All” Program

Over the last 3 years, through the Agua Para Todos (“Water for All”) Program, Parex has invested in infrastructure to improve access to safe drinking water. This work has helped create needed infrastructure and resulted in approximately 20,000 people in communities near our operations gaining access to safe, reliable drinking water.

“Works for Taxes” Program

Under the Colombian Government’s Works for Taxes Program and in coordination with local and national authorities, Parex continues to invest in education and infrastructure projects. In 2020, Parex invested COP $5,800 million (USD $1.57 million) in an education project, which benefitted students in 51 schools in Saravena, Arauca, and Tame.

Driving Energy Solutions: Parex Resource's Innovation Fellowship

In October 2019, to honor Parex’s ten-year anniversary and demonstrate our dedication to promoting innovation & creativity the energy sector, we launched the Parex Innovation Fellowship in partnership with the University of Calgary. These fellowships, supported by a $3.24 million endowment from Parex along with our Chairman and former U of C alumnus Wayne Foo, are intended to help researchers focus on innovation and technology-transfer activities. The fellowships provide researchers and students resources to focus on solving some of the world’s most complex challenges in areas including data science and analytics, cybersecurity, and energy sources.

Read more about our approach & guidelines

Guidelines for ethnic & minority community engagement
View
Guidelines for stakeholder consultation & engagement
View
Our approach for when engaging stakeholders
View
  • About Parex
    • Purpose
    • Leadership
    • Directors
    • History
    • Governance
  • Operations
    • Overview
    • Vendors & Contractors
  • Investors
    • Why Invest?
    • Presentations & Events
    • Reports & Filings
    • Analyst Coverage
    • Tax Information
  • Sustainability
    • Approach
    • Environment
    • Social
    • Governance
    • Reporting
  • News
    • Press Releases
    • Photo Library
    • Video Library
  • Careers
    • Working at Parex
    • People & Culture
    • Current Opportunities
    • Fraud Alert
Parex Resources

Tel: +1 (403) 265-4800

info@parexresources.com

Parex Resources

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