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

Shell’s involvement is seen as a great opportunity for Colombia to develop its energy potential in a safe and efficient manner.

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 . . .

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