Canada's Pacific Exploration and Production Corp., formerly Pacific Rubiales Energy, is a Canadian oil and natural gas producer and explorer with corporate offices in Bogotá, Colombia, and in Lima, Peru. 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 northwest 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. The company was incorporated in 1985 and is headquartered in Toronto, Canada.