September 17, 2020
Brazil's state-owned oil company Petrobras has it called for binding offers to buy its stake in the Tayrona block in the Guajira basin in Colombia.
Petrobras owns 44.4% of the exploration and production (E&P) block, while Colombia's state-owned oil company, Ecopetrol, has the other 55.6%, the Brazilian company said in a press release. Ecopetrol has the right of first refusal for Petrobras' stake in the block.
The concession contract includes a commitment to drill a well to find natural gas d
Brazil's state-owned oil company begins the binding phase for its stake in the Tayrona block