SME Times is powered by   
Search News
Just in:   • Corporate lending grows at fastest pace in Q1: BOK  • Adani Ports secures 10-year marine services for Argentina's 1st LNG export to India  • Indian auto industry sees best-ever May retail sales at over 25.3 lakh units  • Sensex, Nifty open 1 pc lower amid West Asia tensions, weak global cues  • India, Venezuela discuss deeper energy ties amid crude supply concerns 
Last updated: 27 Sep, 2014  

Colombia.Thmb.jpg Colombian firm makes oil find

oil.jpg
   Top Stories
» Sensex, Nifty open 1 pc lower amid West Asia tensions, weak global cues
» India clocks robust 7.7 pc GDP growth in 2025-26, Q4 growth at 7.8 pc
» RBI keeps repo rate unchanged at 5.25 pc, maintains ‘Neutral’ stance
» Crude oil prices fall over 1 pc as ceasefire hopes ease West Asia concerns
» Forced labour import curbs: US proposes up to 12.5 pc tariff on 60 countries, including India
IANS/EFE | 18 Aug, 2012

Colombia's Ecopetrol and two US joint venture partners have discovered oil and gas at a deep-water well in the US Gulf of Mexico, the Bogota-based firm said Thursday.

The discovery is the second by the venture made up of US firms Apache and Stone Energy and Ecopetrol America, the Colombian state oil company's US subsidiary, in an area Ecopetrol described as "one of the world's greatest hydrocarbon prospectivity zones".

Ecopetrol said in a press release that the find was made at the Parmer Prospect, located in the Green Canyon blocks 823 and 867.

The well was drilled to a depth of 5,760 meters and the data indicate a column with signs of gas and condensate and another with signs of crude, the spokesperson said.

The state-owned firm added that Apache, Stone Energy and Ecopetrol America will reprocess 3-D seismic data in the coming months and "determine a comprehensive delimitation and development plan based on the results".

The Parmer Prospect, in which Ecopetrol has a 30 percent stake and Apache is the operator, is located some 230 km from the Louisiana coast and covers a roughly 46.6-sq.-km area.

In its press release, Ecopetrol said the find is part of the firm's "internationalization strategy" and marks a further step in its bid "to attain a production level of 1 million clean barrels of oil equivalent a day by 2015, and 1.3 million clean barrels by 2020".

In addition to Colombia and the US Gulf of Mexico, Ecopetrol also has operations in Brazil and Peru.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹94.2
₹92.5
UK Pound
₹128.85
₹124.8
Euro
₹112.2
₹108.45
Japanese Yen ₹59.85 ₹58
As on 06 May, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter