Ecopetrol Signs Six Exploration Agreements in Brazil

Source: www.gulfoilandgas.com 3/12/2008, Location: South America

Ecopetrol S.A., jointly with other companies, executed six agreements with the Brazilian National Oil and Biofuels Agency (ANP) to explore the same number of exploratory blocks in Brazilian territory.

The execution of these agreements confirms the awarding announced the previous year within the 9th Bidding Round held in Rio de Janeiro, where the company had been among those consortia that presented winning bids, as reported in November, 2007.

The consortium, comprised by Petrobras, Petrogal and Ecopetrol, signed the concession agreement for block CM-593, located in the Campos basin. The share of Ecopetrol is 37.5%.

The consortium comprised by Petrobras, Compania Vale do Rio Doce and Ecopetrol signed the concession agreements for the PAMA-M 187, 188, 222 and 223 blocks, located in the Para-Maranhao basin. In this case, Ecopetrol's share is 30%.

Furthermore, the consortium, comprised by Petrobras, and Ecopetrol, signed the concession agreement for block S-M-1476, located in the Santos basin. Company share in this block is 30%, while Petrobras holds the remaining 70%. With the results from this round, Ecopetrol reaffirms its efforts to grow its international participation in Brazil, Peru and the United States-Gulf of Mexico.


Equatorial Guinea >>  11/13/2024 - Panoro Energy ASA (“Panoro” or the “Company”) is pleased to announce that it has finalised terms and signed a Production Sharing Contract (“PSC”) with...
Norway >>  11/13/2024 - The Ministry of Energy has entered into purchase agreements of interests in key parts of the gas infrastructure with 7 different companies.

...


United States >>  11/13/2024 - Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced it has entered into two separate definitive agreements to acquire certai...
United Kingdom >>  11/12/2024 - Star Energy (AIM:STAR) is pleased to announce that it has exchanged contracts for the sale of land at Alton, Hampshire to Pickerings Hire Limited for ...

United States >>  11/12/2024 - Cadiz, Inc. (NASDAQ: CDZI) (the "Company" or "Cadiz") announced today that it has entered into an agreement to purchase 180-miles of steel pipe from t...
Canada >>  11/11/2024 - Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships comprised of Waterous Energy Fun...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.