Ecopetrol S.A., through its affiliate Ecopetrol America Inc., provided the results of the Parmer prospect on the Green Canyon 867 block in the GOM at a depth of 18,900 ft (5,760 m), which allowed for several pressure readings and the collection of several fluid samples from Miocene sands. The data indicated a column of approximately 240 ft (73 m) of net condensate-rich gas pay, as prospect as one of 40 ft (12 m) of net oil pay.

In the coming months, Ecopetrol and its partners will reprocess 3D seismic data and determine a comprehensive delimitation and development plan according to these results.

The two Parmer leases (GC 823 and GC 867) are within the Green Canyon protraction area, at a depth of approximately 4,200 ft (1,280 m) underwater. Each covers an area of 5,760 acres (23.3 sq km).

Ecopetrol America has a 30% interest in the Parmer prospect. Its partners are Stone Energy, and operator, Apache.

The prospect's results are expected to assist in Ecopetrol S.A.'s strategy to attain a production level of 1.0 MMboe/d by 2015, and 1.3 MMboe/d by 2020.