By Inti Landauro
Last update: 4:40 a.m. EST Dec. 13, 2007
BOGOTA (MarketWatch) — Colombia’s state-owned oil company Ecopetrol SA has teamed up with Royal Dutch Shell PLC to seek oil and gas in a deep-water area in the U.S.-controlled part of the Gulf of Mexico.
The new partnership, which also includes Newfield Exploration Co. will seek oil and gas in the blocks 777 and 778, the prospect Clearwater, in the area known as Garden Banks, Ecopetrol said Wednesday in a statement.
Shell will hold 65% in the new venture, while Ecopetrol will own 25% and Newfield 10%.
“Everything will depend on how things would go, but the total amount invested might reach $100 million and we would go with a part corresponding to our stake,” Ecopetrol’s Chief Executive Javier Gutierrez told Dow Jones Newswires.
The contract is part of the Ecopetrol’s strategy to expand internationally to diversify from Colombia. The state-owned company, which recently listed on the local stock market, already secured the rights to seek oil in several areas in Brazil and Peru.
Shares of Ecopetrol Wednesday fell 1.7% to 2,010 Colombian pesos ($1), while the local benchmark IGBC index fell 0.7%.
(Luis Enrique Hurtado contributed to this article.)
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
