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News Breaks | | | | February 17, 2013 | | 13:00 EDT |  | EC | Ecopetrol reports Q4 net profit COP3.6T, down 18%
In 2012 the average production was 754,0000 mboed, an increase of 4.1% compared to the average production in 2011. | |
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News For EC From The Last 14 Days Check below for free stories on EC the last two weeks. |
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| May 15, 2013 | | 18:31 EDT |  | EC | Ecopetrol submits highest bids for three exploratory blocks in Brazil
Ecopetrol (EC) announces that it submitted the highest bids for three exploratory blocks in the 11th bidding round carried out yesterday by the ANP of Brazil in Rio de Janeiro. Ecopetrol has a 100% interest in the highest bids for the POT-M-567 and FZA-M-320 blocks and a 50% interest in the highest bid for the CE-M-715 block, which it submitted with Chevron (CVX) Brasil Ventures. The three blocks comprise an area of approximately 1,862 sq kilometers in the Potiguar, Foz de Amazonas and Ceara offshore basins. | | | May 10, 2013 | | 05:32 EDT | | EC | Ecopetrol approves $502M additional funding to Cartagena Refinery modernization
Ecopetrol announces that its board approved the allocation of an extra $502M for the modernization project of its Cartagena Refinery in 2013. The decision was made after the management team of Reficar asked for the additional funds based on an estimated budget of $6.47B. The modernization of the refinery is expected to make the refinery a strategic asset for the energy security of Colombia. The project is expected to bring benefits that should boost the development of the Colombian Caribbean Coast region and the local manufacturing sector. The modernization project is entering its final stage. The working pace doubled in 2013, compared to last year's, and the overall progress is at 80.7%. | |
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