Gulf Oil and Gas accountACCOUNT

Ecopetrol Continues to Grow in the Deepwater U.S. Gulf of Mexico

Source: www.gulfoilandgas.com 3/28/2014, Location: North America

Ecopetrol S.A announces that its U.S. affiliate (Ecopetrol America Inc.) placed the most competitive bids for 11 blocks in the "Central Planning Area Lease Sale 231" round held in New Orleans on March 19, as disclosed by the Bureau of Ocean Energy Management (BOEM), the governmental authority in charge of the process in the U.S.

In this lease sale, Ecopetrol America Inc. partnered with Murphy Exploration and Production -USA in 7 blocks and with Murphy Exploration and Production -USA and Venari Offshore LLC in 4 blocks.

The official awarding of the blocks will be conducted by BOEM in the coming months after the checking of bids and ascertaining that the companies fulfill the conditions required for the round.

The economic bids placed by Ecopetrol America and its partners in the 11 blocks add up to approximately US $73.2 million with Ecopetrol America´s share consisting of approximately US $33.7 million.

In case of being granted, these blocks allow deep sea hydrocarbon exploration in water depths of over 221 meters for a 10-year period. Further, Ecopetrol America Inc. would increase its participation in the U.S. Gulf Coast basin to 149 blocks.

The results obtained strengthen Ecopetrol´s position in the U.S. Gulf of Mexico, which it considers a focus area in its internationalization process.

Exploration News in United States >>

Angola >>  5/14/2019 - After Kalimba, Afoxé and Agogo, the Ndungu discovery further demonstrates the exploration potential contained in the block’s deeper geological sequenc...
Ghana >>  5/9/2019 - Eni announces a gas and condensate discovery in CTP-Block 4, offshore Ghana. The well, drilled on the Akoma exploration prospect, proved an estimated ...

Uganda >>  5/9/2019 - Uganda has launched a second round of competitive bidding for five oil exploration blocks in the west of the country, where it has already discovered ...
Bahrain >>  5/2/2019 - Following a joint study conducted by Eni in 2016 and the signature of the Memorandum of Understanding dated 13th January 2019, Eni has signed an Explo...

United Arab Emirates >>  5/1/2019 - ADNOC has launched Abu Dhabi’s 2019 Block Bid Round, opening for bidding five new onshore and offshore exploration blocks with substantial oil & gas p...
New Zealand >>  4/30/2019 - New Zealand Petroleum & Minerals has launched the delayed Block Offer 2018 tender for petroleum exploration permits. The release area is restricted to...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 |

More News

Related Links

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