BOGOTA, Colombia, Jan. 26, 2016 /PRNewswire/ -- Ecopetrol S.A.
(BVC: ECOPETROL; NYSE: EC; TSX: ECP) reports that Hocol Petroleum
Limited, a fully owned subsidiary of Ecopetrol S.A., has
formed a new company, Ecopetrol Costa Afuera Colombia S.A.S., as
approved by Hocol Petroleum Limited's board of directors.
The new company will be responsible for offshore exploration and
production activities in Colombia,
which are currently being carried out by Ecopetrol S.A. as operator
and non-operator.
Ecopetrol Costa Afuera Colombia S.A.S. will benefit from the
tax, tariff and other benefits of Decree 2682 of 2014, as recently
modified by Decree 2129 of 2015, which establishes the conditions
and requirements for forming Permanent Offshore Free Trade Zones in
Colombia.
Ecopetrol Costa Afuera Colombia S.A.S. is an indirect
subsidiary of Ecopetrol S.A. and located in Colombia. It has
an authorized capital of COP$2,000,000,000 and subscribed capital
of COP $400,000,000.
For further information, please
contact:
Head of Corporate Finance and Investor Relations
María
Catalina Escobar
Phone: (+571) 234 5190
E-mail: investors@ecopetrol.com.co
Media Relations (Colombia)
Jorge Mauricio
Tellez
Phone: + 571-234-4329
e-mail: mauricio.tellez@ecopetrol.com.co
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SOURCE Ecopetrol S.A.