Colombia

Ecopetrol to take control of Cupiagua
By Upstream staff
Colombia’s Ecopetrol will take control of operations in the Cupiagua and Cupiagua Sur fields in July of next year following the end of the Santiago de las Atalayas Association deal whose partners are Ecopetrol( 50%), BP Exploration Colombia and BP Santiago (31%) and Tepma (19%).
In September of this year, the Cupiagua field produced an average of 17,087 barrels of oil per day and the Cupiagua Sur field produced 12,208 bpd.
Today, Ecopetrol's share is 50% of production after royalties; as of next July, Ecopetrol's share will increase to 100% after royalties, the company said in a statement.