BOGOTÁ, Colombia, June 24, 2016 /CNW/ -- Ecopetrol S.A.
("Ecopetrol") announces that it launched 'Ronda Campos 2016,' a
public and competitive bidding process, the objective of which is
to offer to oil and gas companies Ecopetrol's stake and interests
in 20 production assets located in the regions of Catatumbo, the
Magdalena Middle and Upper Valley, Llanos and Putumayo.
'Ronda Campos 2016' is part of Ecopetrol's new strategy for
2015-2020, which is based on creating sustainable value and more
efficient operation of assets. One of the objectives of the 'Ronda
Campos 2016' is the rotation of Ecopetrol's portfolio in search of
the greatest profitability for its shareholders.
The business opportunities offered have development potential in
primary recovery and improved recovery. The fields are located near
logistical facilities, which are an added attraction for small- and
medium-sized oil and gas companies.
The process, which was presented to industry representatives, is
a public bidding process addressed to national and international
companies that would like to strengthen their position in
Colombia or that seek to expand
their operations in the country.
Companies interested in applying to enter the data room can find
the information and documents related to 'Ronda Campos 2016' at the
following web address:
www.ecopetrol.com.co/rondacampos2016 (Spanish)
http://www.ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/our-company/about-us/what-we-do/ecopetrol-field-rounds-2016
(English - additional information available Tuesday June 28, 2016)
Ecopetrol is the largest company in Colombia and is an integrated oil & gas
company; it is among the top 50 oil companies in the world and
among the four top ones in Latin
America. Besides Colombia -
where it generates over 60% of the national production - it has
exploration and production activities in Brazil, Peru
& the US (Gulf of Mexico).
Ecopetrol owns the largest refinery in Colombia and most of the pipeline and
multi-product pipeline network in the country, and is significantly
increasing its participation in bio-fuels.
This release contains statements that may be considered
forward looking statements within the meaning of Section 27A of the
U.S. Securities Act of 1933 and Section 21E of the U.S. Securities
Exchange Act of 1934. All forward-looking statements, whether made
in this release or in future filings or press releases or orally,
address matters that involve risks and uncertainties, including in
respect of the Company's prospects for growth and its ongoing
access to capital to fund the Company's business plan, among
others. Consequently, changes in the following factors, among
others, could cause actual results to differ materially from those
included in the forward-looking statements: market prices of oil
& gas, our exploration and production activities, market
conditions, applicable regulations, the exchange rate, the
Company's competitiveness and the performance of Colombia's economy and industry, to mention a
few. We do not intend, and do not assume any obligation to update
these forward-looking statements.
For further information, please contact:
Head of Corporate Finance and Investor Relations
(A)
Lina María Contreras
Mora
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.