Colombia: Pacific Rubiales, Maurel & Prom ally

By OGJ editors
HOUSTON, Apr. 5
– Pacific Rubiales Energy Corp., Toronto, acquired 50% of the interests of Maurel & Prom, Paris, in five onshore blocks in Colombia.

The alliance covers the Sabanero, Muisca, SSJN-9, CPO-17, and COR-15 blocks. The companies will share 100% participation three blocks: Sabanero in Meta Department, Muisca in Boyaca and Cundinamarca departments, and COR-15 in Boyaca Department.

They will share 50% participation in two blocks, SSJN-9 in Bolivar, Cesar, and Magdalena departments and CPO-17 in Meta Department. Hocol operates both of those blocks.

Sabanero and CPO-17 in the Llanos basin near Rubiales and Quifa oil fields. Muisca, on which the Nemqueteba prospect will be drilled by mid-2011, covers 232,000 ha in the Eastern Cordillera basin 70 km from Bogota. COR-15 surrounds Bolivar heavy oil field. SSJN-9 covers 264,800 ha 60 km east of La Creciente gas field.

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