Rubiales Field Contract not extended

Pacific Rubiales Energy Corporation and Ecopetrol, S.A. have announced that they have agreed not to extend the Rubiales and Pirirí Field Association Contracts, expiring in June 2016.

Ecopetrol will evaluate different alternatives for the operation of the Rubiales Field. Meanwhile, Pacific Rubiales will consider submitting a new proposal to operate the field after the contract expiry. The companies have expressed interest in developing further business opportunities for the benefit of both parties and the country.

Adapted from press release by Joseph Green

Published on 16/03/2015

Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


Related articles

Pacific Rubiales Energy Corp. announce results

Kangaroo-2 well update: successful sidetrack drilling confirms light oil discovery in offshore Santos Basin, Brazil.

Pacific Rubiales and Pemex to explore in Mexico

Pacific Rubiales has entered into a three year Memorandum of Understanding and Cooperation with Pemex.

Pacific Rubiales announces 45% increase in prospective resources

The 2014 resource evaluation was prepared by Petrotech Engineering Ltd. with an effective date of March 31, 2014.

Pacific Rubiales closes Ocensa pipeline stake sale

Pacific Rubiales announces closing of US$ 385 million sale of its Ocensa pipeline interest.

Recommend magazines

  Oilfield Technology