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Article Summary
- Repsol is selling its upstream assets in Colombia for $530 million
- The sale includes interests in four blocks in the Llanos basin
- The buyer is a consortium led by 4D Geoenergy
- Repsol aims to focus on its core strategic assets and reduce debt
- The sale is part of Repsol's ongoing efforts to optimize its portfolio and focus on high-value assets Tone: Informative
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Repsol To Sell Upstream Assets In Colombia For $530 Million
Spains 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 Colombias state firm Ecopetrol in the CPO-9 block, the Spanish firm said in a ...
https://oilprice.com/Latest-Energy-News/World-News...
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