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Colombian state-controlled petroleum producer Ecopetrol’s (NYSE: EC, BVC: ECO) US subsidiary Ecopetrol America has reached an agreement with US petroleum supergiant Chevron Texaco (NYSE:CVX) to buy into the Mississippi Canyon Block 726 oil field located in US waters in the Gulf...

Ecopetrol claimed proven reserves of 1.659 billion barrels of oil equivalent at the end of 2017, up from the 1.598 billion barrels in 2016.

Ecopetrol owns a 30% stake in the Anadarko-operated Warrior-2 well. The exact volume of the discovery is still under evaluation.

The new Ecopetrol subsidiary will be responsible for the subscription and execution of the petroleum contracts that the company has in Mexico.

Ecopetrol has struck oil in the Gulf of Mexico. It holds a 20% stake in the now-proven Warrior well site.

The Warrior well is located within an area called Green Canyon that is operated by Anadarko Petroleum Corporation. Ecopetrol America controls nearly 20% of that block.

With its share of Gunflint field, Ecopetrol America's operations in the United States now exceed 10,000 barrels of oil equivalent per day.