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Canacol Energy Ltd - wins rights
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Canadian company wins oil exploration rights

economy oil

Canadian company Canacol Energy Ltd acquired the rights to search for oil and gas in four exploration blocks being auctioned off in Cartagena this week, reports the Wall Street Journal.

A total of 230 exploration blocks will be auctioned, largely in the Pacific region and along Colombia's maritime border with Nicaragua, with others in the Amazon region in the south of the country.

Head of of Colombia's National Hydrocarbon Agency (ANH), Armando Zamora, said that more than $1 billion has so far been raised in the auction, but Canacol Energy did not say how much it had paid.

Colombia's state-owned Ecopetrol won the rights to search for oil and gas in fourteen blocks.

Colombian crude oil output in May rose 19% to an average of 776,000 barrels a day from 653,000 barrels a day during the same period in 2009, according to ANH



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Wilfried Ellmer, industry, logistics integration, management, projects, subsidiary openings, colombia industry development key player network, cartagena colombia, expat manager, advise, consulting, headhunting, project setup, executive search, english, spanish, german, available for projects now.

info@tolimared.com

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wilfried Ellmer, manager, expat, latin america, colombia, business development, advisor, consultant, portal, german, english, spanish, colombia business development key player network, colombia foreign investment, colombia subsidiary opening, real estate, marine services, tourism, chamber of commerce, business partnering, industrial asset management, CIVETS investment, colombia investment filter service, joint venture, oil, gas, mining, infrastructure, services, outsourcing, barges, ship repair, shipyard services, marine services, development, colombia resident manager, colombia european expat manager, country manager, portal industrial cartagena, internet, seo, search engine marketing, industry, logistics integration, management, projects, headhunting, project setup, executive search, your man in colombia, colombia business development expert, fulltime, parttime, freelance, consulting, available for projects now, logistics, support, setup, WILFRIED ELLMER ASESORIAS Y SERVICIOS S A S, info@tolimared.com,



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admin wrote:

Canadian company wins oil exploration rights

economy oil

Canadian company Canacol Energy Ltd acquired the rights to search for oil and gas in four exploration blocks being auctioned off in Cartagena this week, reports the Wall Street Journal.

A total of 230 exploration blocks will be auctioned, largely in the Pacific region and along Colombia's maritime border with Nicaragua, with others in the Amazon region in the south of the country.

Head of of Colombia's National Hydrocarbon Agency (ANH), Armando Zamora, said that more than $1 billion has so far been raised in the auction, but Canacol Energy did not say how much it had paid.

Colombia's state-owned Ecopetrol won the rights to search for oil and gas in fourteen blocks.

Colombian crude oil output in May rose 19% to an average of 776,000 barrels a day from 653,000 barrels a day during the same period in 2009, according to ANH

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