Ecopetrol and Occidental to develop acreage in Midland Basin
The JV enables Ecopetrol to book approximately 160 million boe of proved undeveloped reserves at transaction closing.
The JV enables Ecopetrol to book approximately 160 million boe of proved undeveloped reserves at transaction closing.
The drilling programme for well 25/7-7 relates to the drilling of a wildcat well in production licence 782 S.
The agreement covers Block 77 in central Oman, with each company holding a 50% interest.