Colombia's state-controlled oil company Ecopetrol (ECOPETROL.BO) reached a deal with Repsol YPF SA (REP.MC) for the Spanish oil major to participate in two more offshore exploration projects in the Caribbean.
Colombia
's
state-controlled oil company Ecopetrol (ECOPETROL.BO) reached a deal with
Repsol YPF SA (REP.MC) for the Spanish oil major to participate in two more
offshore exploration projects in the
Caribbean
.
The deal will give Repsol a 50% stake in each of two oil blocks off
Colombia
's
Caribbean
coast, RC-11 and RC-12, Ecopetrol said in a statement late Wednesday. Ecopetrol
will retain the other 50% stake in each and stay on as the operator of the
blocks.
The deal must still be approved by
Colombia
's
oil-licensing agency, ANH.
In January, Repsol took a 30% stake in another
Caribbean
offshore exploration block called Tayrona. Ecopetrol and the local unit of
Brazil
's
state-run company, Petroleo Brasileiro SA (PBR, PETR4.BR), also have a stake in
the Tayrona block.
Ecopetrol is
Colombia
's largest
integrated oil and gas company, and it accounts for 60% of total production.
Colombia
's oil
sector is booming, and the government is hoping output will reach 1 million
barrels a day by the end of the year.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01