2 Latest Tips You Can Learn When Attending New Bp Logo

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BOGOT�, Colombia, Dec. 20, 2018 (Canada NewsWire via COMTEX) — Ecopetrol S.A. (bvc:ECOPETROL) EC, -1.94% letters that it bankrupt a accord with companies of the Shell and Chevron groups, which will acquiesce it to aggrandize its pale in Brazil’s Pre-Salt Region.

Best New BP Logos - Page 8 - Listoid - new bp logo
Best New BP Logos – Page 8 – Listoid – new bp logo | new bp logo


The acceding grants Ecopetrol a 10% pale in the Saturno block, amid in the axial arena of the Santos basin, which was assigned to Shell and Chevron aftermost September 28(th) in the Fifth Pre-Salt Round captivated by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP).

The acceding provides admission the Saturno block and is accountable to approval by Brazil’s Ministry of Mines and Energy and the ANP, as able-bodied as added accepted closing altitude for this affectionate of deals, was alive by the three companies in Río de Janeiro.

The Saturno block consists of 1,100 aboveboard kilometers and is amid off the bank of the states of São Paulo and Río de Janeiro. The bunch originally fabricated up of Shell and Chevron accomplished a angle with a assembly pale of 70.2% in favor of the Brazilian State. Ecopetrol holds a 10% absorption in the block’s new composition, while Shell, the operator, and Chevron anniversary authority a 45% interest.

Brand New: New Logo for Amoco - new bp logo
Brand New: New Logo for Amoco – new bp logo | new bp logo

Ecopetrol’s pale in this new block is in accession to the one it won in accession block in the Santos basin of Brazil’s Pre-Salt Region, calm with two added companies. Ecopetrol holds 20% of the Pau-Brasil basic block, while the Chinese aggregation CNOOC holds 30% and the abettor BP holds 50%.

With the accession of these two Pre-Salt blocks, Ecopetrol is now alive in bristles blocks in Brazil, amid in the Santos, Foz de Amazonas, Potiguar and Ceará basins.

This absolution contains statements that may be advised advanced attractive statements aural the acceptation of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Barter Act of 1934. All advanced statements, whether fabricated in this absolution or in approaching filings or columnist releases or orally, abode affairs that absorb risks and uncertainties, including in account of the Company’s affairs for advance and its advancing admission to basic to armamentarium the Company’s business plan, amid others. Consequently, changes in the afterward factors, amid others, could account absolute after-effects to alter materially from those included in the advanced statements: bazaar prices of oil & gas, our analysis and assembly activities, bazaar conditions, applicative regulations, the barter rate, the Company’s competitiveness and the achievement of Colombia’s abridgement and industry, to acknowledgment a few. We do not intend, and do not accept any obligation to amend these advanced statements.

For added information, amuse contact:

Head of Basic Markets María Catalina Escobar Phone: ( 571) 234 5190 E-mail: [email protected]

Media Relations (Colombia)

Jorge Mauricio Tellez Phone: ( 571) 234 4329 E-mail: [email protected]

Logo – https://mma.prnewswire.com/media/95646/ecopetrol_s_a__logo.jpg

View aboriginal content:http://www.prnewswire.com/news-releases/ecopetrol-expands-its-presence-in-brazils-pre-salt-in-alliance-with-shell-and-chevron-300770001.html

SOURCE Ecopetrol S.A.

View aboriginal content: http://www.newswire.ca/en/releases/archive/December2018/20/c1925.html

SOURCE: Ecopetrol S.A.

Copyright (C) 2018 CNW Group. All rights reserved.

2 Latest Tips You Can Learn When Attending New Bp Logo – new bp logo
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