Ecopetrol, Anadarko agree to explore offshore Brazil

Ecopetrol Oil Gas do Brasil has signed a Participation Agreement with Anadarko Exploracao e Producao de Petroleo e Gas Natural for a 50% participation in the BMC-29 concession in Brazil.

Offshore staff

BOGOTA, Columbia -- Ecopetrol Oil Gas do Brasil has signed a Participation Agreement with Anadarko Exploracao e Producao de Petroleo e Gas Natural for a 50% participation in the BMC-29 concession in Brazil.

BMC-29 is in the Campos basin in water depths of between 30 and 100 m (98 and 328 ft) and covers 179 sq km (69 sq mi).

The concession was awarded to Anadarko during the sixth round of auctions in Brazil and it is currently in the exploratory phase.

04/14/2009

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