Shell Completes Acquisition of Offshore Blocks in Colombia

Colombian oil and gas company Ecopetrol has informed that Shell has completed the previously agreed acquisition of 50 percent interest in three Colombian deepwater oil and gas blocks. The two companies signed an agreement in February which entailed Shell acquiring a 50% operating-stake in the Fuerte Sur, Purple Angel, and COL-5 offshore blocks located in the Colombian Caribbean deepwater, where a new gas province was discovered including the Kronos (2015), Purple Angel and the Gorgon (2017) wells.

Source: OEDigital