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Ecopetrol ADR Representing 20 Ord Shs V.EC


Primary Symbol: EC

Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.


NYSE:EC - Post by User

Comment by Nikolaion Dec 01, 2010 10:32pm
218 Views
Post# 17787296

RE: shallow drilling

RE: shallow drillingKingbear, multiple drills are not the issue as I see it, but rather drill size.  It would be problematic and prohibitively expensive at this juncture if EC were to reach for a large, powerful drill.  The man-portable rig used in Phase I at Rio Z. used in conjunction with the MD-2 shallow diamond drill, which is basically just going to pinprick the area (to 200M), shouldn't cause any conflict.
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