The acquisition also includes technical support, equipment and equipmentrentals as well as various administrative and management services with respect to the exploration, development and production of crude oil and natural gas resources.
This was due to a number of cost reduction and efficiency improvement activities, which includes lower drilling days and drilling cost as well as renegotiation of major equipmentrental and service contracts.
MAR 06, 2016: ECOPETROL ANNOUNCES ITS RESULTS FOR THE FOURTH QUARTER OF 2015 AND THE YEAR ENDED DECEMBER 31, 2015
Impairment of investments and goodwill - Impairment of property, plant and equipment, and natural resources - impairment of investments Impairment of property, plant and equipment, and natural resources.
This segment also provides well intervention services, pressure control, equipmentrental tools and services, and pipeline and process services; and oilfield production and completion chemicals and services that address production, processing, and transportation operations.