Colombia: Ecopetrol offers 20 production assets to oil and gas companies

Jun 26, 2016 12:00 AM

The allocation process for the strongest financial bids will take place on September 30, 2016 through an electronic auction. The fields have interesting development potential for small- and medium-sized companies.

Ecopetrol has launched 'Ronda Campos 2016,' a public and competitive bidding process, the objective of which is to offer to oil and gas companies Ecopetrol's stake and interests in 20 production assets located in the regions of Catatumbo, the Magdalena Middle and Upper Valley, Llanos and Putumayo.

'Ronda Campos 2016' is part of Ecopetrol's new strategy for 2015-2020, which is based on creating sustainable value and more efficient operation of assets. One of the objectives of the 'Ronda Campos 2016' is the rotation of Ecopetrol's portfolio in search of the greatest profitability for its shareholders.

The business opportunities offered have development potential in primary recovery and improved recovery. The fields are located near logistical facilities, which are an added attraction for small- and medium-sized oil and gas companies.

The process, which was presented to industry representatives, is a public bidding process addressed to national and international companies that would like to strengthen their position in Colombia or that seek to expand their operations in the country.

Companies interested in applying to enter the data room can find the information and documents related to 'Ronda Campos 2016' at the following web address:

www.ecopetrol.com.co/rondacampos2016 (Spanish)

http://www.ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/our-company/about-us/what-we-do/ecopetrol-field-rounds-2016 (English - additional information available Tuesday June 28, 2016)

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