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.
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.
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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Ecopetrol
NYSE: ECECOPETROLEnergyOil & Gas Integrated
$34.83B
Market cap
Analyst target $14.30
Wall Street view
2.4Reduce/ 5
0 Buy7 Hold4 Sell
Avg. price target $14.30 · -2% vs 200-day
Valuation & profitability
Market cap$34.83B
Revenue (TTM)$125.67T
P / E ratio9.2
Profit margin10.2%
Return on equity16.0%
Price & risk
52-wk low $8.1652-wk high $18.38
Beta (volatility)-0.04
200-day average$14.57
Revenue trend · 6y
20202025
Latest $111.48T
Ownership
Institutions1.4%
Shares outstanding2.06B
Top holderBlackRock Inc
Institutional holders5+ funds
Dividend
No regular dividend — earnings reinvested for growth.
What Ecopetrol does. Ecopetrol S.A. operates as an integrated energy company. It operates through four segments: Exploration and Production; Transport and Logistics; Refining and Petrochemicals; and Energy transmission and Toll Roads Concessions. The Exploration and Production segment engages in the exploration and production of oil and gas. The Transport and Logistics segment is involved in…
