One-Page Deal Sheet
Parex to Acquire 50% Stake in Colombia's Aguas Blancas Oil Field
Parex Resources, Inc. Ecopetrol S.A.
Announced Date
September 30,2015
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
61
Location
Calculated Metrics( EV/Category)
Region
South America
Country
Colombia
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Parex Resources Inc. has announced the execution of a formal binding agreement with Empresa Colombiana de Petroleos S.A. whereby Parex will farm-in to operate and earn a 50% working interest in the Aguas Blancas light oil field located in the Middle Magdalena Basin of Colombia.
Aguas Blancas Oil FieldThe Aguas Blancas oil field is located in the Middle Magdalena Basin immediately south of the La Cira-Infantas oil field which has produced approximately 850 million barrels of oil to date. Aguas Blancas was discovered in 1962 and was initially appraised with five wells in the period between…
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