On November 22, Hocol Petroleum signed an agreement with Chevron Corp. for a 43% interest and operatorship of the Chuchupa-Ballenas gas fields located in the Guajira area of northern Colombia. Details of the transaction were not disclosed, and the deal is subject to Agencia Nacional de Hidrocarburos (ANH) approvals. Fields operations are currently run under the Guajira Association Contract split Ecopetrol and Chevron at 57% and 43% interest, respectively.
Ecopetrol (->100%) will take over Chevronâs 43% stake in the Chuchupa & Ballena field in the Caribbean Sea. 