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Grupo Carso ready to test Colombia well

Wednesday, July 3, 2013

Mexican billionaire Carlos Slim's conglomerate Grupo Carso said on Tuesday that its energy business finished drilling its first exploratory oil well in northeastern Colombia.

Located in the Llanos Orientales basin, the well now awaits tests to confirm the "economic viability" of the find, Grupo Carso said.

Slim has also been ramping up his oil-related business in Mexico, including a contract worth up to $415 million to rent a drilling platform to Mexico's state-run oil firm Pemex.

Source: Upstream