GeoPark, Repsol Agree to End Previously Inked Deal After Rights Exercised

Dow Jones

01-15

By Denny Jacob

GeoPark and Repsol mutually agreed to end a previously agreed upon sale between the two companies.

Repsol in November signed a deal to sell upstream assets in Colombia to Latin American oil-and-gas explorer GeoPark for $530 million. The transaction included 100% of Repsol Colombia Oil & Gas and a 25% stake in SierraCol Energy Arauca.

GeoPark said Repsol's partner in SierraCol Energy exercised its preemptive rights to acquire 25% of Repsol's interest in SierraCol Energy Arauca, leading to the mutual agreement on Tuesday.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

January 14, 2025 16:54 ET (21:54 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The transaction included 100% of Repsol Colombia Oil & Gas and a 25% stake in SierraCol Energy Arauca. \n\n\n  GeoPark said Repsol's partner in SierraCol Energy exercised its preemptive rights to acquire 25% of Repsol's interest in SierraCol Energy Arauca, leading to the mutual agreement on Tuesday. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 14, 2025 16:54 ET (21:54 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}