Colombia’s Ecopetrol to focus on offshore exploration, key fields

Colombian state-owned oil company Ecopetrol will cope with falling oil prices by bolstering exploration offshore, as well as focusing on production of high-yield wells, the company’s new president said on Tuesday. Ecopetrol will focus on about 20 oilfields that produce 80 percent of its onshore crude and have output costs of between $7 and $17…

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