Maurel & Prom completed the acquisition of a 50% stake in Maurel & Prom Colombia from PRE-PSIE Cooperatief.

Maurel & Prom, an oil and gas exploration company, completed the acquisition of a 50% stake in Maurel & Prom Colombia from PRE-PSIE Cooperatief. Financial terms were not disclosed. M&P will hold 100% of M&P Colombia, which owns the COR-15 and Muisca exploration licenses. The drilling of two shallow exploration wells on the COR-15 license is planned for 2022.