It will sell its 25% stake in Servicios Libertador, a holding company which owns the licences for the Libertador and Atacapi mature oilfields, the E&P company said in a statement on Tuesday. The purchasers are its JV partners TecpetrolLibertador and Sertecpet E&P.
“This sale marks another important step towards shifting our focus to our high growth / high margin clean natural gas business in Colombia,” said Charle Gamba, Canacol’s president and CEO. “We are currently planning the divestment of all our conventional oil assets in Colombia and hope to conclude a transaction in the second quarter of 2018, thus completing our transformation into Colombia’s leading independent clean natural gas exploration and production company.”
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.