Ecopetrol Makes Discovery at Santander Province

Ecopetrol S.A. reported that it has proven the presence of crude oil at the Aullador-I exploratory well located in Santander province, 17 miles (27 kilometers) from the municipality of Sabana de Torres. The well is part of the Playon Exploration and Production Agreement signed by Ecopetrol and the National Hydrocarbons Agency (ANH) on April 24, 2008.

The well was drilled to a depth of 11,393 feet. Tests averaged 300 barrels of crude oil per day of 24 degrees API, obtained by natural flow. The well shows low watercut and sediment (BSW) of only 0.1 percent and a gas-oil ratio of 200.

In the following months extensive testing will be carried out in order to define the potential of the discovery.

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