EAI has focused its exploration activities in the deep waters of the U.S. Gulf of Mexico.
Exploration and Production
EAI entered the Gulf of Mexico in 2008 through the acquisition of a 9.21% participation in the K2 Field, a producing oil field operated by Anadarko Petroleum Corporation. Since 2008 EAI has focused its efforts in building a portfolio of projects that allows the company to reach
the production and reserves goals set in its long term strategy, balancing risk and value. EAI carries out an intense exploration activity in the US Gulf of Mexico through its participation in lease sales and in Exploration Participation Agreements with several world-class operating companies.
EAI continues to grow its portfolio in the deepwater the U.S. Gulf of Mexico, with two fields on production, one in development, three in appraisal, and a value focused venture plan supported by ongoing active exploration activities.
- K2, operated by Anadarko Petroleum Corporation, where EAI has a 9.21% working interest.
- Dalmatian Area, production started in 2014, operated by Murphy Exploration & Production Company – USA, where EAI has a 30% working interest.
- Gunflint, production planned in 2016, operated by Noble Energy, Inc. where EAI has a 31.5% working interest.
- Leon, discovered in 2014, operated by Repsol E&P USA Inc., where EAI has a 40% working interest.
- Rydberg, discovered in 2014, operated by Shell Offshore Inc., where EAI has a 28.5% working interest.
- Parmer, discovered in 2012, operated by Stone Energy Corporation, where EAI has a 30% working interest.
- EAI currently maintains an ownership interest in over 100 US Gulf of Mexico Outer Continental Shelf lease blocks, and is active in advancing leads to drill ready prospects, including additional opportunities available through lease sales, farm-ins, trades and other transactions.
Ecopetrol America will maintain an efficient exploration program, adding reserves and developing projects which contribute to reach production levels targeted at 20 thousand barrels of oil equivalent per day (MBOED) in year 2020.
In addition, the Company is developing the required qualifications and expertise to support the execution of the offshore projects for the entire Ecopetrol Business Group.
EAI’s Offshore Drilling Center (ODC) provides strategic services to Ecopetrol S.A. and other companies of the Ecopetrol Business Group in the areas of project management and technical expertise with the highest offshore industry standards of safety, quality and cost efficiency.
Offshore Drilling Center- ODC
Ecopetrol S.A. has made a commitment to substantially increase global hydrocarbon production. To accomplish the production goals of the Ecopetrol Business Group, we must have success in finding and developing reserves offshore. To this effect Ecopetrol’s offshore operations will deliver high quality wellbores and facilities, designed and constructed in a safe and efficient manner. The Center of Offshore Excellence (ODC), based in Houston, Texas, consists of a group of offshore subject matter experts. We are dedicated to providing project management leadership and technical expertise to Ecopetrol and its affiliates offshore operations. The ultimate goal of the ODC is to work in partnership with all regions and deliver the industry’s highest offshore standards for wells and facilities – safety, quality and cost efficiency.
The objectives of the ODC are to:
- Establish competencies through a “Rapid Development Program”, which provides industry-best training for offshore engineers and wellsite leaders
- Provide peer assistance for global offshore projects
- Create offshore operational standards and assure compliance in all regions
- Implement knowledge management practices performance
- Set metrics to measure what is important
- Benchmark the performance of competitors
- Create a global culture of continuous improvement
EAI’s procurement team is committed to efficiently sourcing goods and services in the U.S. and international markets for the Ecopetrol Business Group.
EAI has set up a buy and sell operation to have a better commercial position in the international market for the Ecopetrol Business Group. EAI works to establish agreements with manufacturers, major distributors and vendors to become the best purchasing option for the Ecopetrol Business Group.
When dealing with EAI and its affiliates, EAI expects that all of its vendors and transaction partners will act in accordance with EAI’s principles and values as contained in the EAI Code of Ethics. Furthermore, EAI requires that vendors and transaction partners comply with the laws and regulations of the United States and the jurisdiction(s) where the vendor conducts business, including, without limitation, those related to prevention of corruption and Foreign Corrupt Practices Act compliance. Links to EAI’s Code of Ethics and its Anti-Corruption Policies and Procedures for Vendors and Transaction Partners can be found below.