GeoPark to buy Colombia oil and gas assets from Repsol

Repsol sells Colombian oil and gas assets for $530 million
Spanish oil company Repsol has agreed to sell oil and gas production assets in Colombia to Geopark for $530 million, the two companies said on Friday.
GeoPark to buy Colombia oil and gas assets from Repsol in $530M deal
GeoPark (NYSE:GPRK) said Friday it agreed to acquire oil and gas production assets in Colombia from Repsol (OTCQX:REPYF) (OTCQX:REPYY) for $530M. The assets include Repsol's (OTCQX:REPYF) (OTCQX:REPYY) 45% share of an oil extraction operation in central Colombia and a 25% stake in SierraCol Energia Arauca,
Repsol to Sell Upstream Assets in Colombia for $530 Million
Repsol sells oil and gas assets in Colombia to GeoPark for $530 million, reflecting its portfolio shift towards low-carbon energy and challenges faced by Colombia's oil industry.
GeoPark Seals $530 Million Colombian Oil & Gas Asset Acquisition Deal With Repsol
Geopark Ltd (NYSE:GPRK) shares are trading higher premarket on Friday. The company disclosed that it has signed Sale and Purchase Agreements with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire Repsol’s upstream oil and gas assets in Colombia.
Repsol Reaches Agreement to Sell Colombian Exploration, Production Assets
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Repsol Sells Colombian Assets in $530M Deal
Repsol (ES:REP) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now At 40%
Repsol sells Colombian assets for $530 million
Spanish oil company Repsol has agreed to sell a pair of onshore production assets in Colombia to Latin America-focused GeoPark for $530 million. The transaction is part of the company’s portfolio rotation strategy that aims to dispose of €4 billion ($4.22 billion) worth of assets to fund investments in renewable energy.
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GeoPark Announces Exclusive Binding Agreement to Acquire Repsol Exploration and Production Assets in Colombia
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