(Ecopetrol, 19.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) confirms that the Glaucus-1 well has verified the presence of natural gas in the deep waters of the southern Colombian Caribbean, underscoring the significance of the gas reserve in this region of the country.
The well is situated 75 kilometers off the Caribbean coast, with a water depth of around 2,340 meters.
Ecopetrol and Shell, the operator, jointly hold a 50% stake in the COL-5 block where the Glaucus-1 well is located.
The development of this gas reserve in the southern Caribbean has the potential to make a substantial contribution to the country’s energy security and support Ecopetrol’s ongoing energy transition efforts.
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