Ecopetrol joins Vanco in Santos basin offshore Brazil

Ecopetrol Óleo e Gás do Brasil Ltda will acquire from Vanco Brasil Exploração e Produção de Petróleo e Gas Natural Ltda 30% interest in three exploration blocks BM-S-72 (formerly SM-1100), BM-S-63 (formerly SM-1036), and BM-S-71 (formerly SM-1035), in the Santos basin, offshore Brazil.

Offshore staff

HOUSTON –Ecopetrol Óleo e Gás do Brasil Ltda will acquire from Vanco Brasil Exploração e Produção de Petróleo e Gas Natural Ltda 30% interest in three exploration blocks BM-S-72 (formerly SM-1100), BM-S-63 (formerly SM-1036), and BM-S-71 (formerly SM-1035), in the Santos basin, offshore Brazil.

Vanco Brasil will retain a 40% working interest in the concessions and continue as operator for the three-well drilling campaign, which commenced on July 7, 2012, with the drilling of theSabia-1X well in BM-S-72.

Additional interests are held by Panoro Energy ASA 15% and Brasoil Round 9 Exploracáo Petrolifera Ltda 15%.

7/19/2012

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