Canada's Pacific Exploration and Production, formerly 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 Exploration and Production 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.