Radar > 223381

Pacific Rubiales and Ecopetrol will not extend Campo Rubiales' contract

Pacific Rubiales y Ecopetrol no prorrogarán el contrato de participación del Campo Rubiales

Intel ID : 223381
Synopsis

Oil companies Canada-based Pacific Rubiales and Colombia-based Ecopetrol announced they will not exploration contracts with Riesgo Rubiales and Asociación Pirirí, which expire in June 2016.

From that time, Ecopetrol will study different alternatives to operate Campo Rubiales. On the other hand, Pacific Rubiales Energy will study the possibility of submitting an offer to operate this asset.
(content in spanish)

La compañía canadiense Pacific Rubiales y la compañía colombiana Ecopetrol, ambas dedicadas a la exploración y extracción de petróleo, han anunciado que no renovarán los contratos de participación de Riesgo Rubiales y de Asociación Pirirí que expiran en junio de 2016.

A partir de entonces, Ecopetrol evaluará diferentes alternativas para la operación del campo Rubiales, y por su parte, Pacific Rubiales Energy estudiará la posibilidad de presentar una propuesta para operar este activo.

Relevant Documents


Intel ID 223381
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Pacific Exploration & Production
(31 Dec 2013)
Revenue: EUR 3.153,74m
Exchange Rate:
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Bidder

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.02 Multiline Oil & Gas
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Secondary Sectors (TTRSC)
20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

Country
Website
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.02 Multiline Oil & Gas
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Country
Website
Description

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect 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.