Canada's Pacific Rubiales Energy is an oil and natural gas producer and explorer based in Toronto and with corporate offices in Bogota, Colombia, and in Lima, Perú. The firm is the second largest producer of oil and gas in the country and has an extensive exploration portfolio. It owns 100% of Meta, which operates the Rubiales, Piriri and Quifa heavy oil fields in the Llanos Basin, and 100% of Pacific Stratus, which operates the La Creciente natural gas field in the northwestern area of Colombia. Pacific Rubiales has also acquired 100% of PetroMagdalena, which owns light oil assets in Colombia, and 100% of C&C Energia, which owns light oil assets in the Llanos Basin. In addition, the Company has a diversified portfolio of assets beyond Colombia, which includes producing and exploration assets in Peru, Guatemala, Brazil, Guyana and Papua New Guinea. The company currently holds a 35% stake in the offshore blocks S-M-1037, S-M-1101, S-M-1102, S-M-1165 and S-M-1166 in Brazil's Santos basin. In May 2015, it was announced that Mexican conglomerate Alfa and Harbour Energy, an energy investment vehicle formed by EIG Global Energy Partners and the Noble Group, agreed to acquire all of the company's outstanding common shares at Cdn$6.50 each. The transaction is expected to close in the third quarter of 2015.