Ecopetrol reports GoM discovery

Ecopetrol America Inc. reports the Logan 1 well in the Gulf of Mexico’s Walker Ridge block 969 operated by Statoil discovered hydrocarbons.

Offshore staff

BOGOTA, Colombia – Ecopetrol America Inc. reports the Logan 1 well in the Gulf of Mexico’s Walker Ridge block 969 operated by Statoil discovered hydrocarbons.

The well, drilled by the Discoverer Americas, still is undergoing evaluations, says Ecopetrol.

"Ecopetrol is very satisfied to announce the first discovery in the deep waters of the U.S. Gulf Coast, carried out in association with top-level companies with experience in these types of operations throughout the world,” stated Javier Gutierrez, Ecopetrol's CEO.

“This is a milestone in our internationalization strategy, which we initiated some years ago to diversify our exploration portfolio. Our U.S. subsidiary is in the process of establishing a solid position in the U.S. Gulf Coast with stakes in more than 100 blocks.”

10/28/2011

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