The transaction with Arrow Exploration allows the Canadian company to focus on ramping up its natural gas operations in the Andean country, CEO Charle Gamba said.
Colombia's state-run oil company secured a stake in the Pau-Brasil block alongside BP and CNOOC during an auction in Rio de Janeiro on Friday.
The new hydrocarbons law is expected to unlock billions of dollars in the oil and gas sector.
State-run oil firm Petrobras could participate in new refining projects, but not as the main investor.
Higher drilling activity will renew interest in completing the final two stages of the Bicentenario line, according to an energy ministry official.
The Management of Maritime Transport of Pemex, in process of modernization and efficient in the supply of fuels
Bolivia will be a pioneer in the use of smart meters in the region
Transocean Ltd. Announces Contract Extension for Petrobras 10000