Repsol Buys a share in Tyrona Block, Offshore Colombia

Repsol has signed an agreement with Colombian company Ecopetrol and Brazil’s Petrobras to buy a stake in the offshore Tayrona exploration block in the Colombian Caribbean Sea.
Following the agreement, Repsol owns a 30% stake in the block, while Ecopetrol owns 30%. Petrobras, with a 40% stake, will continue to be the operator. The deal is subject to the approval of Columbia’s National Hydrocarbons Agency (Agencia Nacional de Hidrocarburos.)
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Source: Offshore Energy Today