Ecopetrol's Gas Discoveries in Colombia: A Major Game-Changer

Colombia's state-owned energy giant, Ecopetrol S.A. (EC) , announced the discovery of a natural gas deposit in the Papayuela well. The well, located in Colombia's Caribbean waters, has the potential to yield up to 800 million cubic feet of gas per day and meet 80% of the nation's current demand, leading to an end of the energy crisis that the country is predicting in the years to come. The company informed that the project is in its early stages of development and could take five to seven years to become pr ...