state-controlled oil company, plans to drill a new exploration
well in Colombia in 2010, Brazilian newspaper Gazeta Mercantil reported, citing
Abilio Paulo Pinheiro Ramos, head of the oil company’s Colombia branch.
Petroleo Brasileiro SA will join American oil giants Shell and Exxon Mobil, Australian
mining and primary resources company BHP Billiton, and the Korean
National Oil Company, as well as companies from Canada and Peru, all of whom recently signed deals with the country.
The well will have a depth of 1,000 meters (3,281 feet) and
will be drilled in deep water in an area where exploration
started in 2007, the Brazilian newspaper said. (Bloomberg)