Referenced Stocks

Ecopetrol Announces Discovery in Magdalena Medio

By Midnight Trader,  September 06, 2012, 08:54:00 AM EDT

Ecopetrol S.A. (ECP.TO) reports that it has proven the presence of crude oil at the Aullador-I exploratory well located in Santander province, 27 kilometers from the municipality of Sabana de Torres. The well is part of the Playon Exploration and Production Agreement signed by Ecopetrol and the National Hydrocarbons Agency ( ANH ) on April 24, 2008.

The well was drilled to a depth of 11,393 feet. Tests averaged 300 barrels of crude oil per day of 24 degrees API, obtained by natural flow. The well shows low watercut and sediment (BSW) of only 0.1% and a gas-oil ratio of 200.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: ANH



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