Chevron raises Colombia investments by $100 Mln

Chevron Corp. (CVX) will invest $100 million more than initially planned in Colombia this year to improve infrastructure in three natural gas fields and drill two new exploratory wells.

Ecopetrol SA (ECOPETL), Colombia’s state controlled oil company Chevron’s partner in the Chuchupa, Ballenas and Riohacha gas fields, will invest similar amounts,Stephen Conner, head of Chevron’s Colombian operations, said to a Bogotá newspaper.