Pacific Rubiales Energy (PEGFF.PK) agrees to acquire C&C Energia (CNCEF.PK) in a deal valued at ~$500M to strengthen its presence in Colombia. The deal will give Pacific Rubiales access to the Cravoviejo, Cachicamo, Llanos 19 and Pajaro Pinto blocks in the prolific Llanos basin, the most important heavy oil basin in the country.
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