By Kailyn Rhone
Ecopetrol said it has agreed to acquire a 45% stake in the CPO-09 oil block from the Spanish energy company Repsol.
The deal makes the Colombian oil and gas company the full owner of the block. By taking control, Ecopterol expects to add around 41 million barrels to its oil reserves and increase its daily production by 7,000 barrels.
The purchase was part of Ecopterol's right to buy Respol's share, thanks to an agreement between the two companies. The deal still needs approval from the National Hydrocarbons Agency and the Superintendency of Industry and Commerce to complete the transaction.
This block is located in Colombia within the municipalities of Villavicencio, Acacías, Guamal, Castilla La Nueva, San Martín, Lejanías, El Dorado, El Castillo, and Granada.
Write to Kailyn Rhone at kailyn.rhone@wsj.com
(END) Dow Jones Newswires
December 30, 2024 15:09 ET (20:09 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。