Ecopetrol announced the liquidation of a subordinate foreign subsidiary operating in Angola

Colombian State owned Ecopetrol reported that the liquidation process of its subordinate ECP Germany Oil and Gas GmbH, in which it indirectly owned 100% of the shareholding, culminated in this December with the annotation of this fact in the German commercial register. The exploratory activities carried out in the area did not allow proving the existence of hydrocarbons in the blocks, therefore in 2018 it was decided to proceed with the liquidation.

Source: La República