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Colombia’s Ecopetrol wins oil concession in Brazil

RIO DE JANEIRO, BRAZIL - Colombia's Ecopetrol won one of the 92 concessions to explore and produce oil and natural gas in Brazil's offshore waters that were auctioned this Thursday by the National Petroleum Agency (ANP, regulator).

Ecopetrol obtained a block in the Santos basin, located off the coast of São Paulo (southeast), in consortium with the Anglo-Dutch multinational Shell, whose participation is 70% compared to the 30% of the Colombian firm.

The Santos marine basin contains the oldest hydrocarbon production areas in Brazil.

Shell and Ecopetrol obtained block S-M-1709 for a value of R . . .

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