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Shell shares block with state Ecopetrol

Monday, February 10, 2020

Colombia’s state controlled petroleum producer Ecopetrol and Shell signed a deal which will see Shell acquire a 50 percent stake in three blocks, located in deep water off the Colombian Caribbean coast.

The blocks are where a new gas province was discovered including the Kronos well drilled in 2015, and the Purple Angel and Gorgon wells drilled in 2017, FinanceColombia reports.