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Ecopetrol subsidiary acquires Chevron’s stake in Carribean gas pumps
Nov. 27, 2019

Ecopetrol subsidiary acquires Chevron’s stake in Carribean gas pumps

Ecopetrol’s subsidiary, Hocol yesterday informed about agreeing to acquire Chevron's interest in two Caribbean gas production fields. The two production fields, Chuchupa and Ballena, will be now jointly owned by Ecopetrol (57% stakes), and Hocol (43% stakes). The operatorship of the fields will be transferred to Hocol. Government data in 2018 showed gas reserves in Colombia equivalent to 9.8 years of consumption.

Ecopetrol to focus on drilling activities
Aug. 25, 2018

Ecopetrol to focus on drilling activities

In a gathering to commemorate Colombia’s Ecopetrol SA’s 10th anniversary of NYSE listing, CEO of the company informed that they are going to increase the drilling activity and secure operational licenses. This decision has been taken in order to achieve 2018 $3 billion to $3.5 billion capital plan of the company. He also said that the target is becoming a challenge because of the spending delays in the initial years.

New oil reserves found in Colombia
May 19, 2018
Source: Today Colombia

New oil reserves found in Colombia

An estimated 1.3 billion barrels of oil reserves are found in the Southeastern region of Colombia by the oil companies Ecopetrol and Talisman Energy. This is an important addition to the shrinking reserves the Andean country has been urgently trying to boost. Ecopetrol, last Thursday, had said that it had discovered crude in the Caño Sur Este block with proven reserves of 22.4 million barrels.

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