The Colombian oil company has been negotiating, since 2018, the purchase of a slice of Shell and Chevron's stakes in the Saturno field and strengthens its presence in the pre-salt.

Ecopetrol, a Colombian company, bought a 5% stake in each of British Shell and US company Chevron in the Saturno field, in the Santos basin.
The deal was approved by the ANP, which had been agreed upon since the end of 2018, now the Colombian oil company owns 10% of the asset, which now has the following composition in the consortium: Shell, the operator, has 45%, Chevron also has 45% and now Ecopetrol with 10%.

No details are known about the amounts paid in the negotiation of this slice of the saturn field, which was acquired in the auction of the 5th round of production sharing.

In season, the asset of Saturn was bought by the British and American companies with bonds of US$ 3,125 billion and an oil surplus of 70,2%, in a tight dispute with a consortium formed by ExxonMobil of the USA, with 64%, and Qatar Petroleum International (QPI), with 36%.

Pre-salt business

Operating under the sharing system is nothing new for Ecopetrol, the company already has two areas under the regime, as also in the 5th round, the company won 20% of Pau-Brasil, in partnership with BP Energy (50%), which operates the asset, and CNOOC (30%).

To acquire the portion in the Pau-Brasil field, the company paid a signing bonus of R$500 million and an oil surplus of 63,79%.

With the confirmation of the outcome of the negotiation, Ecopetrol's portfolio in Brazil increased to five blocks, two in the Santos basin, one in Foz do Amazonas, one in Potiguar and another in the Ceará basin.

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