Shell Buys 50% Stake In Natural Gas Blocks from Colombia’s Ecopetrol

RIO DE JANEIRO, BRAZIL – Royal Dutch Shell has acquired a 50% operating stake in the Fuerte Sur, Purple Angel and COL-5 blocks, located in deep water off the Colombian Caribbean coast, from Colombia’s state-owned oil company, Ecopetrol.

Shell’s involvement is seen as a great opportunity for Colombia to develop its energy potential in a safe and efficient manner. Shell will contribute its knowledge and experience to overcome the technical challenges that the maritime operation poses.

In a statement on February 7, 2020, when the deal was first announced, Ana Maria Duque, Shell Colombia’s President said “This position is a significant step in Shell’s aspirations in Colombia and in South America. This agreement brings together Ecopetrol’s regional know-how and Shell’s deep-water experience and ability to provide integrated gas solutions.”

She added, “We have collaborated with Ecopetrol on multiple occasions since its creation and we are very happy to continue to demonstrate our more than 84-year commitment working with Colombia and its energy resources.”

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