Announced
Completed
Financials
Sources
Tags
oil and gas
Completed
Colombia
Acquisition
Single Bidder
Minority
Cross Border
Offshore Drilling and Other Services
Friendly
Private
Synopsis
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.
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