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Ecopetrol Reports Its Third Deepwater Discovery in the U. S. Gulf Coast since 2011

Ecopetrol Reports Its Third Deepwater Discovery in the U. S. Gulf Coast since 
2011 
-- Results confirm the presence of oil within three reservoirs. 
-- Ecopetrol America has a 30% interest in the Dalmatian South prospect. 
BOGOTA, Colombia, Nov. 1, 2012 /CNW/ - Ecopetrol S.A. (NYSE: EC; BVC: 
ECOPETROL; TSX: ECP), through its affiliate Ecopetrol America Inc., provided 
the results of the Dalmatian South prospect, deepwater Gulf of Mexico (U.S.). 
(Logo:  http://photos.prnewswire.com/prnh/20090209/ARM001LOGO) 
The Dalmatian South prospect is located within the DeSoto Canyon protraction 
area in a water depth of 6,394 ft (1,949 meters). The presence of oil was 
confirmed by wireline logs after drilling the DC 134 #1 well and a planned 
sidetrack. 
Ecopetrol America has a 30% interest in the Dalmatian South Prospect and 
Murphy Exploration & Production Company – USA is the operator. 
The Dalmatian South lease (DC 134) covers an area of 5,760 acres (23.3 square 
kilometers) and is located approximately 70 miles (113 km) offshore Louisiana. 
The Dalmatian South discovery is located approximately 6 miles (9.5 km) 
southwest of the Dalmatian Field (Murphy 70% operator, Ecopetrol 30%) located 
in DC 4, 47, 48 and 91. Production from the Dalmatian Field is expected to 
commence in Q1 2014. 
The Dalmatian South discovery is Ecopetrol America's second discovery in 2012 
and third to date in the Gulf of Mexico, one of the regions with the highest 
oil hydrocarbon potential in the world. Geological and geophysical studies 
will continue to determine the resource potential within the greater Dalmatian 
area. 
The prospect's results are expected to assist in Ecopetrol S.A.'s strategy to 
attain a production of 1.3 million clean barrels by 2020. 
Ecopetrol is Colombia's largest integrated oil & gas company, where it 
accounts for 60% of total production. It is one of the top 50 oil companies in 
the world and the fourth largest oil company in Latin America. The Company is 
also involved in exploration and production activities in Brazil, Peru and the 
United States Gulf Coast, and owns the main refineries in Colombia, most of 
the network of oil and multiple purpose pipelines in the country, 
petrochemical plants, and is entering into the biofuels business. 
This release contains forward-looking statements relating to the prospects of 
the business, estimates for operating and financial results, and those related 
to growth prospects of Ecopetrol. These are merely projections and, as such, 
are based exclusively on the expectations of management concerning the future 
of the business and its continued access to capital to fund the Company's 
business plan. Such forward-looking statements depend, substantially, on 
changes in market conditions, government regulations, competitive pressures, 
the performance of the Colombian economy and the industry, among other 
factors; therefore, they are subject to change without prior notice. 
Ecopetrol is Colombia's largest integrated oil & gas company, where it 
accounts for 60% of total production. It is one of the top 50 oil companies in 
the world and the fourth largest oil company in Latin America. The Company is 
also involved in exploration and production activities in Brazil, Peru and the 
United States Gulf Coast, and owns the main refineries in Colombia, most of 
the network of oil and multiple purpose pipelines in the country, 
petrochemical plants, and is entering into the biofuels business. 
This release contains forward-looking statements relating to the prospects of 
the business, estimates for operating and financial results, and those related 
to growth prospects of Ecopetrol. These are merely projections and, as such, 
are based exclusively on the expectations of management concerning the future 
of the business and its continued access to capital to fund the Company's 
business plan. Such forward-looking statements depend, substantially, on 
changes in market conditions, government regulations, competitive pressures, 
the performance of the Colombian economy and the industry, among other 
factors; therefore, they are subject to change without prior notice. 
Contact us for any additional information: 
Investor Relations  Alejandro Giraldo Phone: +571-234-5190  Email: 
investors@ecopetrol.com.co 
Media Relations (Colombia)  Mauricio Tellez Phone: + 571-2345377  Fax: 
+571-2344480  Email: mtellez@ecopetrol.com.co 
Website: www.ecopetrol.com.co 
http://www.ecopetrol.com.co 
http://photos.prnewswire.com/prnh/20090209/ARM001LOGO 
SOURCE: Ecopetrol S.A. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/November2012/01/c4327.html 
CO: Ecopetrol S.A.
NI: OIL UTI FIELD  
-0- Nov/01/2012 21:40 GMT
 
 
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