Colombia's Ecopetrol and Occidental Petroleum extend contract in Permian basin

Reuters
02-03
Colombia's Ecopetrol and Occidental Petroleum extend contract in Permian basin

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.

(Reporting by Oliver Griffin)

((Oliver.Griffin@thomsonreuters.com; +57 304-583-8931;))

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