Colombia's Ecopetrol (EC) says it will team with Anadarko Petroleum (APC) to search for oil...

|About: Ecopetrol S.A. (EC)|By:, SA News Editor

Colombia's Ecopetrol (EC) says it will team with Anadarko Petroleum (APC) to search for oil deposits in the Fuerte Norte and Fuerte Sur blocks in the Caribbean Sea. EC does not provide financial details, but it expects to invest $80B in projects through 2020 to increase production to the equivalent of 1.3M bbl/day of oil.