Report summaryThe Palermo licence is divided into three blocks containing the San Francisco, Balcón, and Palermo oil fields. Ecopetrol now holds 100% of the licence following the expiration of Hocol's licence in May 2012. As Hocol is a 100% Ecopetrol subsidiary, the licence essentially comes under a different management group within Ecopetrol.The field is mature and no further exploration is expected. Production decline is currently being managed through water injectors, work-overs and well ...
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