this doubles reserves with campo rico to be decided price on the move but not officially confirmed but cannot get any more cast iron view than from the state
owned company can see een really motoring shortly


News from Fridays Rigzone.com:-

http://www.rigzone.com/news/article.asp?a_id=24443

Ecopetrol, Partners Drill 16 Wells Year-to-Date

Colombia's state oil company Ecopetrol and partner companies have drilled a total 16 exploration wells so far this year, of which seven have found oil, the SNE government news service quoted Ecopetrol exploration VP Pedro Restrepo as saying.

Ecopetrol alone drilled nine of the 16 wells and it is close to completing an additional three wells, Restrepo said.

The seven successful wells have added 68 million barrels (Mb) of possible crude reserves, Restrepo added. Ecopetrol estimates there to be approximately 34Mb in the Cagui field in the Medio Magdalena Valley and 15Mb at the Vig field in the Llanos Basin. Related Pictures

Vig is operated by UK oil company Emerald Energy.

Ecopetrol and its partners plan to drill a total 25 exploration wells this year, which could rise to 40 including wells to be drilled under contracts recently signed by the country's hydrocarbons regulator ANH.

Twenty-one exploration wells were drilled in 2004, of which private companies drilled 20 and Ecopetrol drilled only one, the company said in its 2004 annual report. Twenty-eight exploration wells were drilled in 2003.

Colombia's government has been working on security issues to generate a more stable investment climate in the hydrocarbons sector as well as drumming up interest in the country's large unexplored territory.

As a result the government now forecasts the country will remain self-sufficient in oil until 2011 compared to the previous estimate of 2009.

Why don't we just agree to use one thread - it's not exactly overburdened with new or informative posts - I'm sick of reading the same post on all three threads.

I nominate the one simply called Emerald Energy- not this one.

sd