Ecopetrol looks to boost production from Colombia’s oil-rich eastern block – Oil & Gas 360

Oil & Gas 360

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Ecopetrol looks to boost production from Colombia’s oil-rich eastern block – Oil & Gas 360

(World Oil) – (Bloomberg) – State-controlled oil driller Ecopetrol SA sees “great potential” for development and exploration in Colombia’s crude-producing heartland alongside bets on U.S. fracing and offshore gas. The company said this month that it now has full ownership of the CPO-09 block in the nation’s oil-rich eastern plains after completing its $452 million acquisition of Repsol SA’s 45% stake. That investment’s strategic location near Cas