Colombia: Repsol joins Ecopetrol on Guajira blocks

Repsol YPF will join Colombia’s state Ecopetrol in exploring two offshore blocks in the Caribbean and Gulf of Venezuela.

By OGJ editors
HOUSTON, Apr. 8
– Repsol YPF will join Colombia’s state Ecopetrol in exploring two offshore blocks in the Caribbean and Gulf of Venezuela.

Repsol will earn a 50% interest in blocks RC-11 and RC-12 in the Guajira basin, known to be gas prone. The blocks cover 1,860 sq km and 1,345 sq km, respectively.

RC-12 is a two-segment block that lies partly in the Caribbean. The other section hugs the Guajira Peninsula in the western Gulf of Venezuela.

Repsol earlier this year took a 30% interest in the sprawling Tayrona block west and south of RC-11. About 75 miles east of RC-12 off Venezuela’s Paria Peninsula, ENI SPA and Repsol are delineating the 2009 supergiant Perla gas-condensate discovery on the Cardon IV block (OGJ Online, Feb. 25, 2011).

To the southwest of RC-11 lie Chuchupa, Ballena, and Riohacha gas fields just off Riohacha. Chuchupa was discovered and placed on production in the 1970s.

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