MUMBAI, Dec 4 (Reuters) - Indian energy major Reliance Industries (RELI.BO) said on Friday one of its units signed a deal with Colombian state oil firm Ecopetrol (ECO.CN)(EC.N) for two deepwater blocks in Colombia.
Under the deal, Ecopetrol will take a 20 percent stake in the Borojo North Block 42 and the Borojo South Block 43, which together cover an area of about 8,000 square kilometres in water depths ranging from 60-1,500 metres, Reliance said in a statement.
Reliance’s unit will hold the rest of the stake in the blocks and will be their operator. The deal is subject to approval from Colombia’s upstream regulator. (Reporting by Pratish Narayanan; Editing by Ranjit Gangadharan) ((email@example.com; +91 22 6636 9202; Reuters Messaging: firstname.lastname@example.org)) ((If you have a query or comment on this story, send an email to email@example.com))