Ecopetrol, Anadarko join for Caribbean offshore exploration

Dec. 14, 2012
Ecopetrol SA (NYSE:EC) and Anadarko Petroleum Corp. (NYSE:APC) will join to explore offshore in the Caribbean Sea, reports Bloomberg.

Offshore staff

BOGOTA, Colombia –Ecopetrol SA (NYSE:EC) and Anadarko Petroleum Corp. (NYSE:APC) will join to explore offshore in the Caribbean Sea, reports Bloomberg.

According to the report, Anadarko will own 50% of Fuerte Norte and Suerte Sur blocks offshore Colombia, and the two companies have won a concession to explore the Purple Angle block.

The three blocks total 2.55 million acres (10,320 sq km/3,985 sq mi).

Plans call forseismic work over the next two years, with drilling at the end of 2014.

For more information on geosciences in Latin America,click here.

12/14/2012