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Financial News: ECOPETROL: Company Reaches Deal With Petronas For Explorat

ECOPETROL: Company Reaches Deal With Petronas For Exploration In The Americas

10/23/2017 - 16:08:00 (RTTNews)

(RTTNews) - Colombia's Ecopetrol and Malaysia's Petronas signed a memorandum to negotiate trade agreements that allow them to develop exploration and production projects in the Americas. Both companies are already partners in an exploratory block in Mexico.

The collaboration agreement also extends to the evaluation of possible natural gas projects, as well as to analyze commercial opportunities for the negotiation and sale of oil and natural gas in the international market.

Ecopetrol and Petronas also committed themselves to exchange their best practices and technical and technological information on offshore exploration and production, natural gas and petrochemicals, product negotiation and crude oil, cost optimization and improved recovery projects, among other areas. The memorandum also extends the joint work of the companies in Mexico.

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