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Colombia's Ecopetrol bids on six blocks in US Gulf

Tuesday, June 26, 2012

Colombia state oil firm Ecopetrol said it had placed the most competitive bids for six blocks auctioned in the US Gulf Coast, part of the company's efforts to widen its exploration efforts beyond Colombia.

Ecopetrol placed the bids by partnering with Murphy Exploration & Production and Repsol E&P USA, an affiliate of Spain's Repsol.

The Colombian company said that with the new blocks it would be present in 122 blocks in that region through partnerships with other large oil firms.

Source: Wall Street Journal