Maurel & Prom Inks Final Agreement for Sale of Hocol Colombia

Maurel & Prom and Ecopetrol signed the definitive agreement concerning the sale of Hocol Colombia. This transaction concerns a US $742,185,000 total amount.

This purchase price may be adjusted, based on the accounting audit led by Ecopetrol. Further earn outs may occur for a maximum of US $115 million, concerning the potential Huron field on the Niscota license (maximum US $50 million) and the level of the oil price (maximum US $65 million).

Moreover, Maurel & Prom will keep four exploration licenses in Colombia, as well as its assets in Venezuela and in Peru.
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
United States Houston: HR Operations Partner
Expertise: Business Development|HR - General
Location: Houston, TX
 
United States Williston: Account Rep, Bus Dev
Expertise: Business Development|Marketing|Sales
Location: Williston, ND
 
Senior Operations Work Coordinator Job
Expertise: Business Development|Construction Superintendent|Operations Management
Location: Arvada, CO
 
search for more jobs

Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
Natural Gas : $3.17/MMBtu 2.25%
Updated in last 24 hours