Colombia's Ecopetrol and Occidental Petroleum extend contract in Permian basin-February 2024-www.financetom.com

Colombia's Ecopetrol and Occidental Petroleum extend contract in Permian basin

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Colombia's Ecopetrol and Occidental Petroleum extend contract in Permian basin

Feb 3, 2025 4:04 AM

BOGOTA, Feb 3 (Reuters) - Colombia's majority

state-owned energy company Ecopetrol has reached an

agreement to extend a contract with Occidental Petroleum ( OXY )

in the U.S. Permian basin, it said in a statement on Monday.

The plan includes investments of $880 million, the statement

said, and eyes drilling some 91 wells in the sub-basins of

Midland and Delaware.

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