Ecopetrol aims to drill 100 wells in U.S. Permian Basin by end-2021

Colombian oil company Ecopetrol aims to drill a total 100 wells by end-2021 in the Permian Basin of West Texas as global oil prices recover, Chief Executive of the majority state-owned company Felipe Bayon said on Monday. “Ecopetrol has a portfolio that is largely heavy crudes,” Bayon said. “This is 40 API crude. So it’s very good in terms of balancing the portfolio”.

Source: Reuters