Wednesday, May 31, 2023

Ecopetrol, Anadarko to Explore for Oil off Colombia

Colombian state oil company Ecopetrol announced a partnership with a unit of Texas-based Anadarko Petroleum Corporation to explore three deep-water blocks off the Caribbean coast.

The Anadarko subsidiary will be the operator of the Fuerte Norte, Fuerte Sur and Purple Angel blocks, although each company will hold a 50 percent stake, Ecopetrol said in a statement Thursday.

In 2006, Ecopetrol signed contracts with the National Hydrocarbons Agency, or ANH, to explore and develop the Fuerte Norte and Fuerte Sur blocks. Under the partnership agreement announced Thursday, Anadarko has taken a 50 percent interest in those areas.

- Advertisement -

On Dec. 7, the ANH awarded Ecopetrol and Anadarko the rights to conduct exploration work in Purple Angel.

The Fuerte Norte block spans 481,000 hectares (1,857 sq. miles), while Fuerte Sur is 330,000 hectares in area and the adjacent Purple Angel measures 220,000 hectares.

Two- and three-dimensional seismic data were acquired in Fuerte Norte and Fuerte Sur, while in Purple Angel the work will include seismic acquisition, piston coring and satellite image studies, the statement said.

Colombia is currently Latin America’s fourth-largest oil producer after Venezuela, Mexico and Brazil.

- Advertisement -

The South American country, which has roughly 2.2 billion barrels of oil reserves, produced 914,000 barrels per day last year and expects to raise that output in the near future to 1 million bpd. EFE

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn't look right, send us an email. The Q reviews and updates its content regularly to ensure it's accuracy.

"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!

Related Articles

Colombia has one of the lowest minimum wages in Latin America

QCOLOMBIA - 2023 starts and with it many of the workers...

Colombia and Venezuela reopen border crossing after 7 years

QCOLOMBIA - Colombia and Venezuela on Monday, September 26, 2022, reopened...
- paying the bills -


- paying the bills -


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!