Ecopetrol, Oxy to Drill 90 New Wells at La Cira

Colombia's state oil firm Ecopetrol and the local Occidental Andina unit of US oil company Occidental (NYSE: OXY) plan to drill 90 new wells at the La Cira Infantas field in Santander department in 2007.

The new wells are part of a third phase that also includes 150 workovers, Ecopetrol said in a statement.

"This year we drilled 30 wells and more than 240 workovers. The positive results allowed us to take the decision together with Occidental to begin the third phase," Ecopetrol executive Roberto Diaz Coral said.

La Cira Infantas was discovered in the early 1900s and its maximum production reached close to 60,000b/d in the 1940s. Current output is 8,000b/d.

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