Colombia’s state-controlled oil company Ecopetrol (ECOPETROL.BO) reached a deal with Repsol YPF SA (REP.MC) for the Spanish oil major to participate in two more offshore exploration projects in the Caribbean. The deal will give Repsol a 50% stake in each of two oil blocks off Colombia’s Caribbean coast, RC-11 and RC-12, Ecopetrol said in a statement late Wednesday. Ecopetrol will retain the other 50% stake in each and stay on as the operator of the blocks.
Green Marine
about 15 years ago
Repsol Adds To Hunt For Offshore Oil In Colombia
Colombia’s state-controlled oil company Ecopetrol (ECOPETROL.BO) reached a deal with Repsol YPF SA (REP.MC) for the Spanish oil major to participate in two more offshore exploration projects in the Caribbean. The deal will give Repsol a 50% stake in each of two oil blocks off Colombia’s Caribbean co
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