Colombia's Ecopetrol may sell oil deposits
Colombia's state oil company Ecopetrol is studying the possibility of selling 10 potential oil deposits that have an
estimated reserve of between 1.5 bn and 5 bn barrels, company president Carlos Rodado said. The deposits are situated
near already explored sites and have an adequate transport infrastructure, Rodado added.
Colombia's estimated hydrocarbon reserves are 37 bn barrels, Rodado said.
Ecopetrol announced it would no longer be involved in exploration but would focus on selling prospects to reduce
financial risk.