BOGOTA, Colombia, July 28, 2017 /CNW/ -- Ecopetrol S.A. (BVC:
ECOPETROL; NYSE: EC) announces a new hydrocarbon discovery in the
Warrior-2 well, in which Ecopetrol America Inc. holds a 30%
interest.
Warrior-2 is located in the Green Canyon area of the
Gulf of Mexico (United States), 190 kilometers from the
coast, 11 kilometers from the K2 production field operated by
Anadarko Production Corporation. The proximity to the production
facilities of the Marco Polo platform will facilitate the
production process, representing a clear competitive advantage.
The company drilled to a depth of 31,646 feet (9,646 meters),
with a water layer of 4,122 feet (1,256 meters). The crude it
found is light, and analyses are being performed to determine
volume. Once the exploratory operations phase is complete, the
development plan for this new discovery will be determined.
Ecopetrol is a participant in 67 blocks in the Gulf of Mexico (US) in association with
top-tier companies.
This release contains statements that may be considered
forward looking statements within the meaning of Section 27A of the
U.S. Securities Act of 1933 and Section 21E of the U.S. Securities
Exchange Act of 1934. All forward-looking statements, whether made
in this release or in future filings or press releases or orally,
address matters that involve risks and uncertainties, including in
respect of the Company's prospects for growth and its ongoing
access to capital to fund the Company's business plan, among
others. Consequently, changes in the following factors, among
others, could cause actual results to differ materially from those
included in the forward-looking statements: market prices of oil
& gas, our exploration and production activities, market
conditions, applicable regulations, the exchange rate, the
Company's competitiveness and the performance of Colombia's economy and industry, to mention a
few. We do not intend, and do not assume any obligation to update
these forward-looking statements.
For further information, please contact:
Head
of Capital Markets
María Catalina
Escobar
Phone: (+571) 234 5190
E-mail: investors@ecopetrol.com.co
Media Relations (Colombia)
Jorge Mauricio Tellez
Phone: (+571) 234 4329
E-mail: mauricio.tellez@ecopetrol.com.co
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SOURCE Ecopetrol S.A.