Summary by Moomoo AI
Petrobras and Ecopetrol have confirmed Colombia's largest gas discovery through the Sirius-2 well, with gas volumes exceeding 6 trillion cubic feet in place. Located 77 kilometers from Santa Marta in 830 meters of water depth, this discovery could increase Colombia's current reserves by 200%.The consortium, led by Petrobras subsidiary PIB-COL (44.44%) and Ecopetrol (55.56%), plans total investments of US$4.1 billion, including US$1.2 billion for exploration and US$2.9 billion for production development. The project aims to commence production by 2027, targeting output of 13 million cubic meters per day for 10 years through four producer wells using an innovative "subsea to shore" design.The development project will proceed with meta-oceanic data acquisition and environmental studies essential for pipeline installation and seabed production systems. The project's implementation remains subject to obtaining environmental licenses and confirmation of commercial viability.
