M&P Sells Colombian Assets

摘要

Canadian-listed, Colombia-focused Pacific Rubiales plans to further extend its reach in Colombia by buying 50% of French independent Maurel & Prom's (M&P) interests in five onshore blocks for an initial $65 million. The complex deal, which has yet to be finalized by the two parties or approved by Colombian energy regulator ANH, will see Pacific Rubiales take one-half of M&P's 100% stakes in the Sabanero, Muisca and COR-15 blocks, plus one-half of M&P's 50% stakes in the SSJN-9 and CPO-17 blocks.