INSUBCONTINENT EXCLUSIVE:
president, confirmed that two options are being considered
The first is to continue the existing joint venture with OXY
The second involves a joint operation agreement if critical conditions arise
Roa expressed optimism about the ongoing talks, stating that negotiations are progressing well.The Permian Basin has become crucial for
In the first nine months of 2024, the Permian Basin yielded 95,200 barrels per day, a 61.6% increase from the previous year.Ecopetrol Seeks
This marks a 3% increase compared to the same period in 2023
The Permian Basin played a significant role in this growth, with a 54.8% year-on-year increase in the third quarter alone.Ecopetrol Seeks to
The company recently withdrew from the CrownRock acquisition, which would have strengthened its hydraulic fracturing business
challenges, the future of its Permian Basin operations remains a topic of debate
The company must balance its production goals with evolving energy policies and market conditions
