Repsol, ExxonMobil sign exploration contracts offshore Colombia

Colombia’s Agencia Nacional de Hidrocarburos says Repsol, ExxonMobil, and state-owned Ecopetrol have signed exploration contracts for the GUA OFF-1 and COL-4 blocks in the Caribbean Sea.

Offshore staff

BOGOTA, ColombiaColombia’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.

04/04/2019

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