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Ecopetrol discovers oil in Colombian block

  • Colombia's Ecopetrol (EC) says it found hydrocarbons in the third of three oil wells it has drilled in the onshore CPO-10 block located near the center of the country.
  • The Guainiz 1 well, drilled to a depth of 2.4 km, reached maximum production of 409 bbl/day during testing; EC says it will carry out further drilling in the block with a view to opening new fields.
  • New oil discoveries are important for the company as it has struggled to expand its reserves.
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