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Will Ecopetrol integrate CPO-09 block into operations by June 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Ecopetrol's official press releases or financial reports
Story
Ecopetrol Acquires 45% Stake in Repsol's CPO-09 Block, Fully Owning Asset and Adding 41 Million Barrels to Reserves
Dec 30, 2024, 01:09 AM
Ecopetrol has successfully concluded negotiations to acquire the remaining 45% stake from Repsol in the CPO-09 block, located in the Meta department of Colombia. This acquisition means that Ecopetrol now fully owns the asset, which is considered a key resource in the Piedemonte Llanero region. The deal is expected to add approximately 41 million barrels to Ecopetrol's reserves, enhancing its position in the oil sector.
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Acquisition of medium assets • 25%
Acquisition of small assets • 25%
No acquisitions • 25%
Acquisition of large assets • 25%
