Chevron Raises Colombia Investments by $100 Mln, Espectador Says

Chevron Corp. (CVX) will invest $100 million more than initially planned in Colombia this year to improve infrastructure in three natural gas fields and drill two new exploratory wells, El Espectador reported.

Ecopetrol SA (ECOPETL), Colombia’s state-controlled oil company Chevron’s partner in the Chuchupa, Ballenas and Riohacha gas fields, will invest similar amounts, the Bogota-based newspaper quoted Stephen Conner, head of Chevron’s Colombian operations, as saying.

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net