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## Key Facts

- imaginima/E+ via Getty Images Ecopetrol (NYSE:EC) announced an agreement on Wednesday to develop four deepwater blocks off the coast of Colombia with Occidental Petroleum (NYSE:OXY), according to Reuters.
- Ecopetrol (EC) said it will take a 40% stake in the blocks while Occidental (OXY) subsidiary Anadarko Colombia will have a 60% stake and will serve as operator.
- The deal is subject to approval from Colombia's oil regulator, the company said.
- Occidental Petroleum (OXY) "is about to crush its debt and own the house," Open Square Capital writes in a bullish analysis newly published on Seeking Alpha.

[Click To Read Full Article](https://seekingalpha.com/news/3840610-ecopetrol-occidental-to-develop-four-oil-blocks-offshore-colombia)

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Ecopetrol, Occidental to develop four oil blocks offshore Colombia

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Ecopetrol, Occidental to develop four oil blocks offshore Colombia (NYSE:EC)

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Ecopetrol SA - ADR

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