Pacific Rubiales sells stake in Colombian pipeline for $385M

Pacific Rubiales Energy (PEGFF) agrees to sell its 5% interest and transportation rights in the Ocensa oil pipeline in Colombia for $385M to a consortium led by Darby Private Equity, the P-E arm of Franklin Templeton.

PEGFF also announces successful oil flow from two wells drilled in the CPE-6 heavy oil block in Colombia's Eastern Llanos Basin; PEGFF is operator of the block and holds a 50% share, with Talisman Energy (TLM) also owning 50%.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs