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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs