Columbian firm buys 20 percent stake in RIL blocks
December 4th, 2009 - 5:03 pm ICT by IANS ( Leave a comment )Mumbai, Dec 4 (IANS) Columbia’s state-run energy firm Ecopetrol has bought a 20 percent stake in two deepwater oil blocks being explored by Reliance Industries Ltd (RIL), the Indian company said Friday.
Reliance Exploration and Production DMCC, a wholly owned subsidiary of RIL, will retain the remaining stake and ownership in these blocks, the company said in a statement.
The two deepwater blocks cover an area of 8,000 square km.
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Tags: columbia, deepwater, ecopetrol, energy firm, exploration and production, oil blocks, percent stake, reliance industries, reliance industries ltd, subsidiary
