By OGJ editors
HOUSTON, Apr. 24 -- Pacific Stratus Energy Ltd., Toronto, agreed to pay $60.2 million to acquire 100% interest in Colombian oil assets owned by a subsidiary of Chile's Empresa Nacional del Petroleo (ENAP).
Sipetrol SA, an ENAP subsidiary, has a 90.6% interest in the Dindal and Rio Seco Blocks, and a 27.27% interest in the Caguan Block where Guaduas and Rio Ceibas oil fields produce a total of 7,200 boe/d (3,000 boe/d net to Pacific Stratus).
Guaduas produces 18.5° gravity oil, and Rio Ceibas produces 22° gravity oil from upper sands and 23-32° gravity oil from basal sands. The transaction, subject to financing and regulatory approval, is expected to close in June.
Pacific Stratus Energy has interests in the Doima Block and Ortega-Pacande oil fields as well as in the La Creciente, Moriche, and Puli-B exploration blocks in Colombia.
Manfred Kruger, Pacific Status chairman, said the transaction transforms his company from an exploration company into a production company with exploration potential.
