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Gran Tierra expands core Colombia position for $104 million

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Gran Tierra Energy struck a $104.2 million deal to acquire assets in Colombia from domestic E&P firm Verta Energia SL. The transaction, expected to close March 11, will add Llanos Basin assets and consolidate its already dominant position in the Putumayo Basin. Gran Tierra will add 2,200 bo/d to its Colombia production through the deal. In the Llanos Basin, Gran Tierra’s acquisition of an operated 100% WI in the Llanos-5 block—contiguous to its LLA-1 block to the northeast, LLA-70 block to the......
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