Parex Resources Announces Expansion of Ecopetrol Strategic Partnership with the Addition of Producing Assets in the Magdalena Basin
The deal gives Parex access to about 14,900 barrels a day of output and over 3 billion barrels of estimated oil in place.
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9 Articles
The Hamilton Spectator
Parex Resources Announces Expansion of Ecopetrol Strategic Partnership with the Addition of Producing Assets in the Magdalena Basin
CALGARY, Alberta, May 04, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) and its strategic partner Ecopetrol S.A. (“Ecopetrol”), are pleased to announce that they have executed an agreement whereby Parex expects to earn a…
The resources will be assumed in total by the Canadian company, while the state will execute the terms of the alliance for five years
Ecopetrol and Parex sign a collaboration agreement. Photo: courtesy Ecopetrol and Parex Resources signed a business collaboration agreement for the development of five fields in Magdalena Medio. The business envisages an investment of US$250 million, which will be assumed in its entirety by the foreign company. Punctually, the alliance has in its sights the fields Casabe, Casabe Sur, Peñas Blancas and Llanito, located in the municipalities of Yo…
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