Renowned economist designated Colombia’s new finance minister
Truth Commission: Colombia needs radical policy changes to...
Colombia’s controversial moment of truth
At least 49 dead after ‘prison break attempt’...
Colombia’s incoming government begins “total peace” offensive
Colombia investigating bullfighting tragedy
Petro’s first moves to restructure Colombia’s government
Petro and Duque meet over transition of power...
Colombia confronts former FARC chiefs with suffering kidnapping...
Colombia hears former guerrilla chiefs over mass kidnappings
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Ecopetrol, Talisman finish purchase of BP’s Colombian assets

by Newswires January 25, 2011

Colombia news - BP logo

Colombia’s state-run oil firm Ecopetrol and Canadian oil company Talisman Energy Inc. completed their planned purchase of the Colombian assets of BP PLC for $1.75 billion.

Ecopetrol will have a 51% stake in the firm and Talisman will control the remaining 49%, Ecopetrol said in a press release Monday. The agreement to buy BP’s Colombian assets was announced in August.

The former BP subsidiary is being renamed Equion Energia Ltd., the statement said, and will be run by Maria Victoria Riano, a former executive at Ecopetrol. The new company produces nearly 90,000 barrels of oil equivalent a day and has proven and probable reserves of 94 million barrels of oil.

(Darcy Crowe / Dow Jones Newswires)

economyEcopetroloil

Trending

  • Petro’s quest for a majority in Colombia’s Congress

  • The peaceful revolution of Colombia’s “nobodies”

  • Colombia hears former guerrilla chiefs over mass kidnappings

Related articles

  • Gross domestic product

  • Labor and unemployment

  • Scholars’ drastic solutions for Colombia | Part 1: renegotiating free trade

  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top