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Occidental Petroleum and Ecopetrol to Drill World's Deepest Offshore Oil Well

U.S. shale producer Occidental Petroleum Corp. (NYSE:OXY) and Colombia's integrated energy company Ecopetrol S.A. (NYSE:EC) are planning to drill an offshore oil well off Colombia's waters in seas roughly 3,900 meters (close to 13,000 feet) deep before the year is out, Bloomberg has reported. Dubbed Komodo-1, the ultra-deepwater well will qualify as the deepest offshore oil well in the world, beating Angola's block 48 well, which holds the current world-record water depth of 3,628 m (11,903 ft).  "Offshore and deepwater are currently undergoing…

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