MEXICO CITY (S&P Global Ratings) May 20, 2021--S&P Global Ratings said today that the Colombian national protests and blockades have forced Gran Tierra Energy Inc. (GTE; B-/Stable/--) to shut down production activities equivalent to 5,250 barrels of oil equivalent per day (boepd) as of May 16, 2021; a reduction of about 17.5% compared to our forecast 2021 production average. However, if conditions worsen, the company will have to further reduce production in the coming weeks. Blockades of the main distribution routes across Colombia began on May 8, 2021, reducing and restricting mobility for some of the oil and gas producers in the region, mainly those that depend on ground transportation for distribution. As a reference, GTE's average production cost reached
