By Connor Hart
Ecopetrol is evaluating its strategy regarding certain projects in the Southern Caribbean after Shell decided to withdraw from its offshore assets in the region.
The Colombian energy company said Thursday that the projects remain technically and economically viable, and are a priority for the company and country.
"Therefore, actions are being evaluated to maintain their continuity over time and develop resources to ensure the medium-term gas supply," the company said.
Discussions are being held about gas discoveries Kronos-1, Purple Angel 1, Gorgon 1 and 2, and Glaucus 1, all of which were operated by Shell, Ecopetrol said. The gas discoveries are located in the Col 5, Purple Angel and Fuerte Sur blocks.
Ecopetrol said it remains committed to the development and maturation of gas resources in the Caribbean Sea.
Despite withdrawing from assets in the region, Shell and Ecopetrol remain partners and, together with Total Energies, are advancing the development of the Gato Do Mato field in Brazil, Ecopetrol said. It expects to allocate what it called significant resources to that project this year.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 24, 2025 19:15 ET (23:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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