Rio de Janeiro, March 12 (IANS/EFE) Brazilian state-controlled energy giant Petrobras has said that it discovered oil at a block in eastern Colombia.
In a statement issued Thursday, Petrobras said the find was made at the Balay-1 well, part of the Balay block in the central-eastern province of Casanare.
Petrobras Colombia Limited is the operator of the block with a 45 percent stake, while the other consortium members are Colombia's Cepcolsa, with 30 percent; Canada's Petroamerica Oil Corp 15 percent and Sorgenia E&P Colombia, 10 percent.
Petrobras produces an average of 2.5 million barrels of oil and natural gas per day at its fields in Brazil and abroad.
Shares of Petrobras, an integrated energy company and a global leader in deepwater oil exploration and production, trade on the Sao Paulo, New York, Madrid and Buenos Aires stock exchanges, but the Brazilian government
retains control through a golden share.
| Other Articles: |
 |
Kerala scam accused Canadian company under scanner at home (12th Mar, 2010) |
|
Abu Dhabi launches plan to boost hotel occupancy rate (12th Mar, 2010) |
|
Private operators can ply heli-taxis in Himachal (12th Mar, 2010) |
|
PS Group, Infinity Park to start Sri Lanka project soon (12th Mar, 2010) |
|
Australian hearing care centre comes to India (11th Mar, 2010) |
|
Kolkata-based realtors to start management institute (11th Mar, 2010) |
|
Bosch threatens second lockout as workers remain adamant (11th Mar, 2010) |
|
Many firms queue up for London Stock Exchange listing (11th Mar, 2010) |
|
Ambuja Realty plans Rs.1,065 crore investment (11th Mar, 2010) |
|
Mamata Banerjee rules out railways' privatisation (11th Mar, 2010) |
|
Orissa to borrow 300 MW to ease its power crisis (11th Mar, 2010) |
|
Air Asia to link five more Indian cities (11th Mar, 2010) |
|
Dedicated chopper corridors from March 15 (11th Mar, 2010) |
|
Pilot project for translucent cooking gas cylinders (11th Mar, 2010) |
|
82 percent of projects tardy, exceeded costs: Survey (11th Mar, 2010) |
|
Tax holiday extended to boost CWG hotel projects (11th Mar, 2010) |
|
Forbes says Gates no longer the world's richest (11th Mar, 2010) |
|
Late rally helps Sensex end 113 points up (11th Mar, 2010) |
|
Google says it is prepared to leave China if censoring continues (11th Mar, 2010) |
|
Jharkhand's per capita power consumption half of national average (11th Mar, 2010) |
|
Richest Indian Mukesh Ambani amongst Forbes top ten Billionaires (11th Mar, 2010) |
|
Domino's opens 300th store in India with appetite for more (11th Mar, 2010) |
|
Pulses, potatoes, milk keep food inflation up (11th Mar, 2010) |
|
US stocks gain on financial firms (11th Mar, 2010) |
|
Mexican Carlos Slim tops world's rich list (11th Mar, 2010) |
Today : Thursday - May 24, 2012, 07:38pm (GMT+5.5)
