Gulf of Mexico Well Partly Held by Ecopetrol America Nears Completion

Ecopetrol America Inc. has been increasing its output this year, and it said that it expects another new well in the Gulf of Mexico to start producing soon. The Warrior well is located within an area called Green Canyon that is operated by Texas-based Anadarko Petroleum Corporation, and the subsidiary of Colombia’s state-controlled oil giant controls nearly 20% of that block.

Anadarko US Offshore LLC controls 65% of the block while MCX Exploration LLC holds the remaining 15%. Ecopetrol America said that it expects drilling results to come in before the end of 2016.

The company is optimistic about the findings due to the fact that the Green Canyon block sits near two notable production fields, the K2 block and Shenzi field. Ecopetrol America has a 9.21% share of K2, which is also operated by Anadarko Production Corporation. Shenzi is operated by BHP Billiton.

Ecopetrol is also partnering with Anadarko on a well in the Caribbean. They are expected to begin drilling on their Kronos discovery in Colombian waters this year.

This all comes on the heels of Gunflint in the Gulf of Mexico beginning production recently. With its partial control of two Gunflint wells — which were producing 20,000 barrels of oil equivalent per day in mid-August — Ecopetrol America is now pumping out more than 10,000 barrels of oil equivalent per day across all its holdings.