Parex to take 50% stake in Ecopetrol’s Magdalena Basin assets
In return, Parex has committed to a $250m (C$340.22m) investment programme over five years, with $125m allocated as carry capital.
05 May 2026
05 May 2026
In return, Parex has committed to a $250m (C$340.22m) investment programme over five years, with $125m allocated as carry capital.
The attack resulted in three people being hospitalised, according to Fujairah’s media office.
Prices retained levels above $100 per barrel while negotiations failed to yield an agreement and transit remained affected.
Integrated services contracts have been awarded to Baker Hughes Norge, Halliburton and SLB Norge.
The guidance follows concerns from operators in the Williston Basin, including the Bakken Formation, and the Permian Basin.
The assets are strategically located within a major North American natural gas field.
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