Ecopetrol Eyes $1.5 Billion SierraCol Energy Deal Amid Declining Reserves

Colombia’s state-owned oil company, Ecopetrol, is considering acquiring SierraCol Energy, the country’s largest independent oil producer, from Carlyle Group for $1.5 billion. This potential acquisition reflects Ecopetrol’s urgent need to boost its oil and gas reserves as Colombia faces declining resources and restrictive exploration policies under President Gustavo Petro. SierraCol Energy produces approximately 45,000 barrels […]

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