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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.
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November 21, 2014
08:15 EDTECTalisman Energy, Ecopetrol announce discovery in Block CPO-9, Colombia
Talisman Energy (TLM) affiliate Talisman Oil & Gas and Ecopetrol S.A. (ECP) have proven the presence of hydrocarbons in the Nueva Esperanza-1 exploratory well, located in block CPO-9, Department of Meta, Colombia. The Nueva Esperanza-1 well was spudded on July 18, 2014 and reached total depth at 12,056 feet on September 26, 2014. During an initial 8-day flow test using an electro submersible pumping system, 309 feet of perforations in the T2 formation stabilized at a daily flow rate of 910 barrels of 8 degrees API crude oil with less than 2% water cut during the last day of flow. Talisman and Ecopetrol are jointly analyzing the results and will file an application with the Colombian authorities to place the Nueva Esperanza-1 well on long-term test. Approval has been granted to drill two down-dip appraisal wells, the first of which, Nueva Esperanza-2, started drilling operations on November 16.
November 20, 2014
10:29 EDTECEcopetrol initiated with a Hold at Deutsche Bank (pre-open)
Target $26.
November 19, 2014
09:19 EDTECEcopetrol approved to divest shares in Empresa de Energia de Bogota
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