Ecopetrol suspends drilling in Permian JV with Occidental

Rodeo JV development now has a budget of up to $200 million, down from an initially planned $800 million spend

Ecopetrol: unsure when drilling will restart at 97,000 net acre Permian play — Ecopetrol: unsure when drilling will restart at 97,000 net acre Permian playPhoto: REUTERS/SCANPIX

Julia Martinez

Houston

Published 12 May 2020, 17:41Updated 12 May 2020, 17:41

Permian Basin Colombia Ecopetrol Occidental Petroleum Felipe Bayon