Ecopetrol, Shell team up in three blocks in Colombian Caribbean

BOGOTA (Reuters) - Colombia's Ecopetrol and Anglo-Dutch energy giant Royal Dutch Shell have teamed up to develop three blocks in the Caribbean, the state-owned oil company said on Friday. Under the deal, Shell will acquire a 50% operating-stake in the Fuerte Sur, Purple Angel and COL-5 blocks, which are found in deep-water areas of the Colombian Caribbean.Oil companies are expected to spend between $920 million and $1 billion on exploration efforts in Colombia this year, according to the..