Ecopetrol Says Gas Discovery Could Meet 80% of Colombia's Demand [BNN Bloomberg (Canada)]
Ecopetrol S.A. American Depositary Shares (EC)
US:NYSE Investor Relations:
ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/corporate-responsibility/sustainability/bank-of-best-practices/investors
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Source: BNN Bloomberg
The discovery in the Papayuela well in the nation's Caribbean waters is in early stages and may take between five to seven years to become productive, Roa told reporters on the sidelines of an energy event in Cartagena. It could meet 80% of Colombia's current demand, he added. The well is located in the Tayrona block and Ecopetrol is the sole operator, Roa said, declining to provide additional information. The announcement comes as Colombia braces for a natural gas shortfall that's forecast to start as soon as next year. President Gustavo Petro, who has made fighting climate change a priority, has refused to grant licenses to explore for new sites to drill even as reserves wither. On Thursday, Ecopetrol said it would convert Colombia's Central Oil Pipeline to transport gas after an agreement with Promigas SA. The pipeline would provide a new alternative to ship the fuel from the nation's Caribbean coast to the interior. ©2024 Bloomberg L.P.
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- Here's Why Ecopetrol (EC) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- Latin America gears up for clean hydrogen boom but the road is not smooth [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Ecopetrol says disdcovery could meet 80% of Colombia's natural gas demand [Seeking Alpha]Seeking Alpha
- Ecopetrol Announces a New Appointment in Senior Management [Yahoo! Finance]Yahoo! Finance
- Ecopetrol Announces a New Appointment in Senior ManagementPR Newswire
EC
Sec Filings
- 10/2/24 - Form 6-K
- 9/26/24 - Form SD
- 9/24/24 - Form 6-K
- EC's page on the SEC website