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Stock Market & Financial Investment News

News Breaks
May 27, 2013
11:02 EDTECEcopetrol announces hydrocarbons discovery in Colombia
Ecopetrol announces that it has proven the presence of hydrocarbons at Cusuco 1, an exploratory well located within the municipality of San Carlos de Guaroa, Meta Province, Colombia. Cusuco 1 is part of the CPO-10 Exploration and Production Agreement of December 18, 2008 between Ecopetrol and the National Hydrocarbons Agency. Ecopetrol holds 100% interest in this block. Initial tests carried out on the Cusuco 1 well, using an artificial lift system, yielded an average crude oil production of 140 barrels of oil per day, BOD, of 13.8 API and a water cut of 4%. Ecopetrol will keep on running extensive testing in the coming weeks.
News For EC From The Last 14 Days
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October 27, 2014
19:18 EDTECEcopetrol announces hydrocarbon discovery in Gulf of Mexico
Ecopetrol (EC) reports the discovery of hydrocarbons in the Leon exploratory well located deepwater in the Gulf of Mexico, operated by Repsol (REPYY), with 60% ownership, in partnership with Ecopetrol America Inc., with 40% ownership. The well is located 219 miles offshore and 6,120 feet deep in Keathley Canyon Block 642. Drilling reached a total depth of 31,774 feet. Repsol indicated that the results for the Leon well are being evaluated and that additional work is required to determine the size of the hydrocarbon deposit.

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