<p>RIL said that Reliance Exploration and Production DMCC (REP) has singed an agreement with Ecopetrol under which the Columbian firm would take a 20 per cent stake in the two deepwater blocks —— Borojo North Block 42 and the Borojo South Block 43.<br /><br />The two blocks cover an area of 8,000 sqkm in water depths ranging from 60-1500 metres, it said. REP would hold the remaining stake in the two blocks and the deal is subject to approval of the Columbia’s upstream regulator.</p>
<p>RIL said that Reliance Exploration and Production DMCC (REP) has singed an agreement with Ecopetrol under which the Columbian firm would take a 20 per cent stake in the two deepwater blocks —— Borojo North Block 42 and the Borojo South Block 43.<br /><br />The two blocks cover an area of 8,000 sqkm in water depths ranging from 60-1500 metres, it said. REP would hold the remaining stake in the two blocks and the deal is subject to approval of the Columbia’s upstream regulator.</p>