Colombia’s Ecopetrol SA discovered an offshore natural gas deposit that could potentially produce up to 800 million cubic feet of gas a day, according to Chief Executive Officer Ricardo Roa.

Colombia's state-run oil company oil Ecopetrol and Brazil's Petrobras on Thursday announced two major gas discoveries executives said would hugely increase reserves and help the Andean country remain self-sufficient for energy.

Petroleo Brasileiro SA- Petrobras (PBR) has released an update. Petrobras has announced a significant gas discovery in Colombia, with an estimated 6 trillion cubic feet of gas in place in the Guajira Offshore Basin,

Company will continue operations in Guajira Offshore basin block to determine commercial viability of the reserve

Ecopetrol (NYSE:EC) said Thursday it discovered an offshore natural gas deposit that could potentially produce as much as 800M cf/day of gas, which could meet 80% of Colombia's current demand and help the country remain self-sufficient for energy.

The finds by Petrobras in the Guajira Offshore Basin are estimated to hold around six trillion cubic feet (tcf) of gas in place.

Ecopetrol discovered an offshore gas deposit that could potentially produce up to 800 million cubic feet a day.

Ecopetrol (NYSE:EC) said Thursday it discovered an offshore natural gas deposit that could potentially produce as much as 800M cf/day of gas, which could meet 80% of Colombia's current demand and help the country remain self-sufficient for energy.