Ecopetrol, Repsol to drill 19 new wells at Colombian oil field

Ecopetrol (NYSE:EC) says it will start drilling 19 new oil wells at Colombia"s Akacias oil field at the end of this month in partnership with Repsol’s (OTCQX:REPYF, OTCQX:REPYY) Talisman Energy.

The 19 new wells will join nine which already are operating at the field in the central Meta province and current produce an average of 6,300 bbl/day.

EC has said it would accelerate activity at several of its oil fields to make up for a slight decline in production during Q1 caused by protests that blocked roads and forced the temporary closure of some fields.