Colombia's Ecopetrol and Occidental Petroleum extend contract in Permian basin
ReutersFeb 3, 2025 11:42 AM
BOGOTA, Feb 3 (Reuters) - Colombia's majority state-owned energy company Ecopetrol ECO.CN has reached an agreement to extend a contract with Occidental Petroleum OXY.N in the U.S. Permian basin, it said in a statement on Monday.
The plan includes investments of $880 million, the statement said, and eyes drilling some 91 wells in the sub-basins of Midland and Delaware.
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