Repsol to Sell Upstream Assets in Colombia for $530 Million ...Middle East

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Repsol to Sell Upstream Assets in Colombia for $530 Million
source : OILPRICE ( Middle East ) () 68
Spain’s Repsol has reached a deal to sell producing oil and gas assets in Colombia to Latin American producer GeoPark for $530 million, as part of the overhaul of the portfolio of the Spanish energy major. Repsol will sell to GeoPark 100% in its unit Repsol Colombia Oil & Gas Limited, which is a minority partner of Colombia’s state firm Ecopetrol in the CPO-9 block, the Spanish firm said in a stock exchange filing on Friday. Ecopetrol holds 55% of the block and is its operator, while Repsol owns the remaining 45%. The sale of upstream…

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