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Shell, the operator of the exploration plan, and Chevron both hold a 45% interest in the block. With the deal, Ecopetrol now holds the remaining 10% stake.

Colombian state-controlled oil company Ecopetrol (NYSE: EC) (BVC: ECOPETROL) was among the exploration block winners today at an auction in Brazil and now holds the rights to a portion of the oil extracted from the Santos basin off the coast of South America’s largest...

Within this role, Caballero will be the compliance agent for financial reporting to the Colombian Finance Superintendency.

Ecopetrol took over operation of the Recetor oilfield in Colombia this week after the expiration of its contract with Equión Energía.