Ecopetrol Closes Purchase of Repsol’s 45% Interest in Block CPO-09 for $452mn

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 5.Feb.2025) — Ecopetrol S.A. successfully completed the transaction with Repsol Colombia Oil & Gas Limited to purchase the remaining 45% of its participation in the CPO-09 Block.

The total consideration was for $452mn, making Ecopetrol an 100% holder of the participation interest in the block, a strategic asset in the Piedemonte Llanero, the Colombian state-owned company said 5 Feb. 2025 in an official statement.