facebook
linkedin
twitter
About Us
  • BFSI
  • Energy
  • Infocom
  • Mining
  • Venture
  • Industry
  • Travel
  • Civic
  • Food, Health, Ag
  • Real Estate
  • Responsibility
  • Economy
  • Law & Justice
  • Interview
  • Analysis

Ecopetrol’s Gunflint Oil Field in the Gulf of Mexico Is Producing 20,000 Barrels Per Day

Posted OnAugust 12, 2016
By :Jared Wade
Comment: Off
Tag: ecopetrol, Ecopetrol America, gulf of mexico, Gunflint, Mapleleaf Samson Offshore, Marathon Oil, Noble Energy, oil, united states

An underwater oil field in the Gulf of Mexico partly owned by Ecopetrol began production has now reached a production level of 20,000 barrels of oil equivalent per day, says the Colombian state-controlled oil giant. The two-well Gunflint field first starting producing on July 21, after a development process that included the use of “first-time techniques,” according to an executive at one of Ecopetrol’s partner companies on the project. And now, this one discovery is helping push Ecopetrol’s U.S.-based arm to new heights.

In 2013, BP sold its 31.5% stake in the field, which was discovered in 2008 about 100 miles off the coast of New Orleans, to Ecopetrol though its Ecopetrol America subsidiary. Noble Energy Inc. has another 31.5% ownership, while Mapleleaf Samson Offshore LLC and Marathon Oil Corporation hold 19.1% and 18.2%, respectively. Further development is also possible to expand production at Gunflint in the future, says the company.

gunflint

The drilling rig above the Gunflint oil field in the Gulf of Mexico. Ecopetrol owns a nearly one-third stake in the discovery that has been producing for almost a month now. (Credit: Ecopetrol)

With its share of the Gunflint field, Ecopetrol America’s operations in the United States now exceed 10,000 barrels of oil equivalent per day. Previously, the U.S. arm of the Colombian company was only accounting for 3,700 barrels per day.

“Ecopetrol is pleased with the success of Gunflint, which allows the company to nearly triple its production in the Gulf of Mexico, a promising area in its exploration strategy and production for the coming years,” said Juan Carlos Echeverry, president of Ecopetrol.

In other company news, Ecopetrol’s minority shareholders have nominated Juan José Echavarría Soto as an independent member of state-controlled oil company’s board of directors.

DON'T MISS OUT: The only English-language Colombia news that's strictly business, markets, & investment!
Join global executives & investors by subscribing to our FREE weekly updates
I agree to have my personal information transferred to MailChimp ( more information ) DISCLAIMER: Protección de Datos Personales Artículo 15 de la Constitución Política de Colombia, ley 1581 de 2012 y decreto 1377 de 2013.
We will never spam you or share your email address ¡Nunca Jamás!

Share the news!

  • Facebook
  • Twitter
  • Print
  • Email
  • WhatsApp
  • LinkedIn
  • Skype

Related

Share your thoughts:

comments

Avatar
About the Author
Jared Wade is editor in chief of Finance Colombia. He is a Bogotá-based journalist with 15 years of experience covering topics including business, financial services, Latin America, and sports. Email him at jared.wade(at) financecolombia.com or follow him on Twitter at @Jared_Wade.
  • google-share
Previous Story

Pacific Exploration Extends Deadline for Affected Creditors

Next Story

Pacific Exploration Creditors Approve Catalyst Capital Restructuring Plan

Related Posts

0

What Jumps Out: Where Is Everyone Going?

Posted OnApril 9, 2021
, ByRupert Stebbings
© 2020 Loren Moss
0

US Embassy Issues Guidance On Colombia Post-Easter Covid Restrictions

Posted OnApril 6, 2021
, ByLoren Moss
Alejandro Calderón Chatet is the new CEO of Empresas Públicas de Medellín (EPM).
0

Alejandro Calderón Chatet Appointed CEO of EPM

Posted OnApril 6, 2021
, ByLoren Moss




RECENT

POPULAR

COMMENTS

What Jumps Out: Where Is Everyone Going?

Posted On April 9, 2021
medellin colombia

Medellín Selected As Co-Headquarters For World Economic Forum G20 Smart Cities Alliance Initiative

Posted On April 8, 2021

El Cielo Hospitality Group Expands With New Medellín Hotel, Washington DC Restaurant

Posted On April 6, 2021
A Khiron agricultural technician in their Ibagué, Tolima facilities.

Khiron Begins Exports of Colombian Cannabis To Germany

Posted On April 6, 2021
© 2020 Loren Moss

US Embassy Issues Guidance On Colombia Post-Easter Covid Restrictions

Posted On April 6, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Court Blocks Colombia’s $370 Million USD Emergency Loan To Bankrupt Avianca Airlines

Posted On September 12, 2020

AVIANCA IS BANKRUPT

Posted On May 10, 2020
copa airlines

Copa Airlines Raising $350 Million USD War Chest Via Private Notes Offering

Posted On April 27, 2020

Declan Ryan Says Viva Air Not Being Treated Fairly By Colombian Government: Exclusive Interview

Posted On September 3, 2020
Avatar

[…] Sky Airline each may operate 4...

Posted On April 6, 2021
Avatar

[…] didn’t know that; that...

Posted On April 6, 2021
Avatar

[…] during his mayoral campaign...

Posted On April 6, 2021
Avatar

[…] existing Viva aircraft are...

Posted On March 30, 2021
Avatar

[…] Publicado en Finance Colombia...

Posted On March 23, 2021

Watch This!

Book With Us

Consider Advertising With Us

Click here to visit Expat Group's English site

Subscribe Free

don't forget to include "http://"
* = required field
Your Background / Function








unsubscribe from list

RECENT

POPULAR

COMMENTS

What Jumps Out: Where Is Everyone Going?

Posted On April 9, 2021
medellin colombia

Medellín Selected As Co-Headquarters For World Economic Forum G20 Smart Cities Alliance Initiative

Posted On April 8, 2021

El Cielo Hospitality Group Expands With New Medellín Hotel, Washington DC Restaurant

Posted On April 6, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Court Blocks Colombia’s $370 Million USD Emergency Loan To Bankrupt Avianca Airlines

Posted On September 12, 2020
copa airlines

Copa Airlines Raising $350 Million USD War Chest Via Private Notes Offering

Posted On April 27, 2020
Avatar

[…] Sky Airline each may operate 4...

Posted On April 6, 2021
Avatar

[…] didn’t know that; that...

Posted On April 6, 2021
Avatar

[…] during his mayoral campaign...

Posted On April 6, 2021

Watch This!

Contact Us (Click the image):

Book With Us

Pages

  • About Us
  • Colombia Events, Conferences, Festivals and Important Dates
  • Contact Us
  • main
  • Media Partnerships
  • Privacy Policy
  • Whatsapp test page
Copyright 2014-2020 Finance Colombia All Rights Reserved. We may earn commissions from qualifying purchases.
WhatsApp us
loadingCancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.