Ecopetrol and Occidental sign exploration deal for Colombia offshore blocks
The two firms will jointly explore potential hydrocarbon resources in deep-water blocks COL 1, COL 2, COL 6, and COL…

The two firms will jointly explore potential hydrocarbon resources in deep-water blocks COL 1, COL 2, COL 6, and COL…
The firms are planning to boost the Bacalhau field’s production capacity, with potentially double investment.
The four concessions that were considered for sale include BM- SEAL-4, 4-A, 10, and 11.
The sale form part of Petrobras’ efforts to focus on its assets in deep and ultradeep waters.
If talks materialise, PetroReconvaco will receive a 60% operatorship stake in the cluster while Eneva will hold the remaining 40%…
The production has been started through FPSO Guanabara, which can produce up to 180,000 barrels of oil per day.
The oil-rich country is also looking to restrict Exxon Mobil’s expansion by excluding it from bidding for new licences.
The divestment of the stake in the Tartaruga field is part of Petrobras’ plan to focus more on profitable deepwater…