Bloomberg: Pacific Rubiales exploring strategic options

|By:, SA News Editor

Pacific Rubiales Energy (PEGFF) is working with Bank of America to review its strategic options and could lead to the sale of the company, according to a Bloomberg report.

The review reportedly includes defense advisory, market analysis and the sale of midstream assets; Repsol (REPYF, REPYY) is said to have considered an acquisition of Pacific within the past year though it decided for the time being not to pursue a deal, and the two companies held exploratory talks last year about potential joint ventures in Colombia, Venezuela and Mexico.