Ecopetrol unit Hocol signed on 11 Jul â19 for its 4 awards in the recent Permanent Process of Assignment of Areas (PPAA) round. Three blocks in the Llanos Basin (LLAs 86, 87 & 104) will be jointly explored with GeoPark (see DEA 28 Jun â19), with 6 expl wells to be drilled over the next 3 years, for a total investment of USD 80-100 million. Hocol will also invest USD 16 million as sole owner of COR 9 in the Cordillera Basin.
Ecopetrol unit Hocol signed on 11 Jul â19 for its 4 awards in the recent Permanent Process of Assignment of Areas (PPAA) round. Three blocks in the Llanos Basin (LLAs 86, 87 & 104) will be jointly explored with GeoPark 