Ecopetrol announces large find in Colombia

Colombian state-owned oil company Ecopetrol and Canada's Talisman Energy said they discovered an estimated 1.3 billio barrels of oil in southeastern Colombia.

About a tenth of the discovery is likely to be recoverable, the companies said.

The announcement was the second in a week for Ecopetrol and an important addition to the diminishing reserves the country has been urgently trying to boost.


Source: Reuters