Repsol sells Colombian oil and gas assets for $530 million

GeoPark

29/11/2024 07:49

MADRID, Nov 29 (Reuters) - Spanish oil company Repsol
 REP.MC  has agreed to sell oil and gas production assets in
Colombia to Geopark  GPRK.N  for $530 million, the two companies
said on Friday.
    The assets include Repsol's oil extraction operation in
central Colombia and a 25% stake in SierraCol Energia Arauca,
the Spanish company said in a filing to the Madrid stock market
operator.
    The two assets can produce 16,000 barrels of oil equivalent
per day, Geopark said in its statement.
    Repsol said earlier this year that it planned to sell up to
4 billion euros ($4.23 billion) worth of assets to fund
investments in renewable energy.
    ($1 = 0.9449 euros)

 (Reporting by Javi West Larrañaga; editing by Inti Landauro and
Jason Neely)
 ((Pietro.Lombardi@thomsonreuters.com;))