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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。