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UPDATE 2-Ecopetrol gas field could produce up to 30 mln cubic feet a day by 2026 [Yahoo! Finance]

Ecopetrol S.A. American Depositary Shares (EC) 
Company Research Source: Yahoo! Finance
BOGOTA, April 11 (Reuters) - The Arrecife gas field could produce between 20 million and 30 million cubic feet per day between 2025 and 2026, said Ricardo Roa, CEO of Colombia's majority state-owned oil company Ecopetrol. The leftist government of President Gustavo Petro has come under pressure from industry groups urging it to ensure self-sufficiency in gas amid a pause in new exploration licenses. "Arrecife very quickly will be able to give us between 5 and 10 million cubic feet per day, but surely between 2025 and 2026 it will be giving to the system between 20 and 30 million cubic feet per day," Roa told a gas conference in the city of Cartagena on Thursday. The field, which is located off Colombia's Caribbean coast, will produce commercial quantities of gas until 2035, and Ecopetrol has also signed a deal with Canada's Parex Resources to develop hydrocarbon projects - particularly gas - in Colombia's Casanare province, the company said in two separate statements. The gov Show less Read more
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