Ecopetrol Confirms Presence of Hydrocarbons in the Cano Sur Block
Ecopetrol (NYSE: EC) reports that it proved the presence of hydrocarbons in the second stratigraphic well drilled under the Cano Sur Exploration and Production contract, located in the province of Meta.
Preliminary results of the Draco-1 well, which reached a depth of 3,284 feet (close to one kilometer), confirm the presence of hydrocarbons that were previously announced on November 2 of 2010 in the Mago-1 well.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.