Ecopetrol in major new oil discovery

Colombian petroleum company Ecopetrol has announced today that its exploratory well Flamencos-1 in Puerto Wilches, Santander, has encountered oil in the La Paz formation.

This unit is part of the same formation as the Cantagallo and Las Garzas field. Its proximity to the these receiving stations and the Barrancabermeja refinery create a competitive and operational advantage, Finance Colombia reports.