BOGOTA, Colombia – Colombia’s Agencia Nacional de Hidrocarburos (ANH) says Repsol, ExxonMobil, and state-owned Ecopetrol have signed exploration contracts for the GUA OFF-1 and COL-4 blocks in the Caribbean off northern Colombia.
The planned programs will involve total commitments of more than $700 million, ANH said.
GUA OFF-1 covers 400,000 ha, 78 km (48 mi) offshore the Guajira province. Repsol operates with a 50% interest, with the remainder held by Ecopetrol.
COL-4 extends over a similar area, 100 km (62 mi) offshore the Bolívar province. Repsol will also operate in this case, but in a 50-50 partnership with ExxonMobil.