Exxon, Repsol and Ecopetrol sign deals for Colombia offshore oil exploration blocks

Bogota — Exxon Mobil Corp and Colombia’s state-run oil company Ecopetrol SA have each signed joint contracts with Spain’s Repsol SA to explore for oil in offshore blocks in the Caribbean, the Colombian government said on Wednesday. The Andean country recently modified contractual terms for offshore exploration and launched a permanent bidding process in an […] More »