Ecopetrol hits lighter Colombian crude

Colombia

BOGOTA, December 18, 2017 – The Coyote-1 well in the De Mares block in the department of Santander in Colombia has struck oil, Colombian NOC Ecopetrol announced on Monday.

“The finding was recorded at between 2,042 and 2,177 meters in depth, confirming the presence of crude of 25º – 28º API (lighter and more liquid than heavy Colombian crudes) in the Esmeraldas formation, in petroleum sand intervals with total thickness of 29 meters,” the company said in a statement. “The new finding will ensure synergies and competitive advantages in the region, thanks to installed capacity and operations at the La Cira-Infantas, Lisama and Colorado fields, as well as the proximity of the Barrancabermeja refinery.”

Ecopetrol holds a 50% stake in the licence, with the rest held by partner Parex.

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