- Presence of hydrocarbons at a depth of 3720 meters (12200 feet) was verified at Kronos-1 well, proving proposed geological model.
- The Kronos discovery is of great significance for Colombian offshore exploration, confirming the high prospectivity of a new petroleum province in south Caribbean.
- Once operations are finished at Kronos-1, the same drillship, of latest technology, will be used to drill Calasú-1, located 145 Kilometers (90 miles) north east in Fuerte Norte Block.
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) informs that at a depth of 3720 meters, the Kronos-1 well verified the presence of hydrocarbons in ultra-deepwater of Colombian south Caribbean area. This discovery proves the geological model proposed for an unexplored area with high hydrocarbon potential.