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REPYY - Exxon Mobil Ecopetrol to partner with Repsol for exploration off Colombia
Repsol S.A. ADR
Exxon Mobil (XOM-0.5%) and Colombia’s Ecopetrol (EC-0.1%) have each signed 50-50 joint contracts with Spain’s Repsol (OTCQX:REPYY+0.5%) to explore for oil in offshore blocks in the Caribbean, the Colombian government says, expecting the two contracts will generate a combined $700M in investment.
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