The authorization has taken place after the publication of Supreme Decree 033-2010-MEM/DM of June 11, 2010.

Lot 117 is located on the Peruvian-Colombian border, in the Maynas Province of the Department of Loreto and has an area of 1,368,523 hectares.

The amendment stipulates that Ecopetrol will have a 25% participation in Lot 117, which is operated by Petrobras and whose ownership interest will now decrease to 50%. The remaining 25% will continue to be owned by the Peruvian branch of Inpex North Peru.

Plans are currently underway for the acquisition of seismic information on Lot 117, which will bring better knowledge and definition of the lot’s potential.

 

With the amendment approval, Ecopetrol will be able to consolidate its globalization process, especially in Peru, where it already participates in exploration blocks with companies such as Talisman.