Partners in the Repsol-operated offshore Colombian RC-12 Block may look to farm-out equity, industry sources speculated in December 2018. Repsol operates the block with 50% WI, with Ecopetrol holding the remaining 50% WI. The block was awarded in 2007 as part of the Ronda Caribe 2007 bid round. A 300 sq km 3D seismic survey was completed in 2014, fulfilling the Phase I commitments. RC-12 has had its contract extended, including a nine month extension approved in January 2017 by the Agencia Nacional de Hidrocarburos (ANH). It is thought that partners may seek to farm-out in order to fund a commitment well on the block which is undrilled apart from the dry 1980 Jarara 1 NFW. <P />
Colombia, RC 12