Ecopetrol, Talisman Finish Purchase Of BP's Colombian Assets
25 Gennaio 2011 - 12:36AM
Dow Jones News
Colombia's state-run oil firm Ecopetrol (EC, ECOPETROL.BO) and
Canadian oil company Talisman Energy Inc. (TLM, TLM.T) completed
their planned purchase of the Colombian assets of BP PLC (BP,
BP.LN) for $1.75 billion.
Ecopetrol will have a 51% stake in the firm and Talisman will
control the remaining 49%, Ecopetrol said in a press release
Monday. The agreement to buy BP's Colombian assets was announced in
August.
The former BP subsidiary is being renamed Equion Energia Ltd.,
the statement said, and will be run by Maria Victoria Riano, a
former executive at Ecopetrol. The new company produces nearly
90,000 barrels of oil equivalent a day and has proven and probable
reserves of 94 million barrels of oil.
-By Darcy Crowe, Dow Jones Newswires; (57) 1 703 8953;
darcy.crowe@dowjones.com
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