Ecopetrol To Buyout BP Colombian Business
August 4, 2010 Leave a comment
BP has agreed to sell its oil and gas exploration business in Colombia.
The company has announced the sale for $1.9 billion to a consortium of Ecopetrol, Colombia’s national oil company, and Talisman of Canada. BP recently announced plans to sell a number of worldwide assets to help cover the costs from the Gulf of Mexico oil spill. It has said it needs to raise around $30 billion from assets.
In the next round of sales, interests in Pakistan and Vietnam will also go.