One-Page Deal Sheet
Oxy Sells Colombia Onshore Assets to PE-Firm
The Carlyle Group Lp Occidental Petroleum Corp
Announced Date
October 01,2020
Close Date
December 31,2020
Transaction Type
Asset
Enterprise Value (EV)($MM)
825
Asset/Basin:
["Llanos Norte", "Middle Magdalena", "Putumayo"]
TargetZones:
[]
Net Acres
% Oil:
Location
Region
Latin America
Country
Colombia
Play
Production Production
Production Mix
Transaction Details: Require Private Equity Subscription
Occidental Petroleum has signed an agreement to sell its onshore assets in Colombia to The Carlyle Group for total consideration of approximately $825 million, with $700 million up front and the remainder payable subject to certain production and commodity price targets.
The transaction, which is expected to close in the fourth quarter of 2020, includes operations and working interests in the Llanos Norte, Middle Magdalena and Putumayo Basins. Occidental will retain a presence in country with its exploration blocks offshore Colombia.
Assets 2.0 Million Gross Acres 34 Mboe/d (99% oil)Pre…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-02-2017 |
-  |
- |
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| Dec-07-2016 |
- |
- |
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| Mar-18-2016 |
- |
- |
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| Jun-17-2015 |
- |
- |
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| Jan-29-2015 |
- |
- |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-15-2019 | GeoPark Acquires Amerisur Resources for $312 Million in Cash | - |
- |
| Jan-15-2016 | Gran Tierra to Acquire Putumayo E&P PetroGranada Ltd. | - |
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| Nov-13-2015 | Gran Tierra Seals Acquisition of Colombia-Focused Petroamerica | - |
- |