Baron Oil exits Colombia
Baron Oil deja de operar en Colombia
Intel ID : 230057
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Baron Oil (LSE:GOO), a UK-based gas and oil extraction company, begins its exit from the Colombian market once the contract with Colombia-based Ecopetrol (BVC:ECOPETROL; NYSE:EC; TSX:ECP) expires, reported Portafolio on 29 September, 2015. Baron Oil operated Ecopetroloil's field Burdine-Maxine-Nancy, located in Orito, Putumayo, for nine years, and will continue to do so until 16 October, 2015, when the contract expires and the company exits the country. The decision follows Ecopetrol's strategy to focus its activity on more profitable oil fields.
(content in spanish)
Baron Oil (LSE:GOO), empresa dedicada a la extracción de gas y petróleo con sede en Reino Unido, ha iniciado su salida del mercado colombiano al finalizar su contrato con la compañía local Ecopetrol (BVC:ECOPETROL; NYSE:EC; TSX:ECP), según ha publicado el diario Portafolio el 29 de septiembre de 2015. Baron Oil ha operado durante nueve años en el campo petrolero Burdine-Maxine-Nancy, de Ecopetrol, ubicado en Orito (Putumayo), y lo seguirá haciendo hasta el 16 de octubre de 2015, momento en que concluye su contrato y consecuentemente su presencia en el país. Esta decisión tiene que ver con la estrategia de Ecopetrol para dirigir sus actividades a campos petroleros que den más rentabilidad. |
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| Intel ID | 230057 | |
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Financial Data - Baron Oil
(31 Dec 2013) |
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20.02.02 Multiline Oil & Gas 20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels |
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20.04.08 Solar Power 20 Energy & Utilities / 20.04 Renewable Energy |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.