Repsol to Sell Upstream Assets in Colombia for $530 Million

Spain’s Repsol has reached a deal to sell producing oil and gas assets in Colombia to Latin American producer GeoPark for $530 million, as part of the overhaul of the portfolio of the Spanish energy major. Repsol will sell to GeoPark 100% in its unit Repsol Colombia Oil & Gas Limited, which is a minority partner of Colombia’s state firm Ecopetrol in the CPO-9 block, the Spanish firm said in a stock exchange filing on Friday. Ecopetrol holds 55% of the block and is its operator, while Repsol owns the remaining 45%. The sale of upstream...