Talisman affiliates selling Colombia oil pipeline stake for US$595mn
Two affiliates of Talisman Energy (NYSE, TSX: TLM) reached an agreement to sell their combined 12% interest in the Ocensa oil pipeline in Colombia to an investment group led by Advent International for approximately US$595mn, the former said in a press release.
The deal is part of Talisman CEO Hal Kvisle's 18-month asset disposal program targeting US$2bn-3bn in proceeds. The Ocensa stake sale and asset disposals in Canada have generated roughly US$2.2bn in proceeds so far.
The Advent-led investment group is also purchasing Ocensa stakes from affiliates of French energy major Total (NYSE: TOT) to gain a total 22% interest in the pipeline, Talisman said.
Talisman's other affiliates retain rights to transport approximately 63,000b/d through Ocensa. Talisman plans to use this capacity to deliver propriety crude and to generate third-party revenue.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (Colombia)
How El Niño is impacting Colombian gas demand
Thermoelectric plants accounted for almost a third of the country's overall consumption of the fossil fuel in February.
Colombia, Germany step up hydrogen cooperation
Bogotá, March 6, 2024. One year after the agreement reached by President Gustavo Petro Urrego and the Head of Government of Germany, Federal Chance...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Colombia)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Block LLA 124
- Current stage:
- Updated:
3 weeks ago
- Project: Block PUT-14
- Current stage:
- Updated:
3 weeks ago
- Project: Block PUT 30
- Current stage:
- Updated:
3 weeks ago
- Project: Block Andaquíes
- Current stage:
- Updated:
3 weeks ago
- Project: Block De Mares
- Current stage:
- Updated:
3 weeks ago
- Project: Block LLA 141
- Current stage:
- Updated:
3 weeks ago
- Project: VMM 14-1 area
- Current stage:
- Updated:
3 weeks ago
- Project: Block CAT 3
- Current stage:
- Updated:
3 weeks ago
- Project: VMM 65 area
- Current stage:
- Updated:
3 weeks ago
- Project: VMM 4-1 area
- Current stage:
- Updated:
3 weeks ago
Other companies in: Oil & Gas (Colombia)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Ministerio de Minas y Energía de la República de Colombia (Minenergía)
-
Colombia's Ministry of Mines and Energy (Minenergía) is the governmental entity responsible for the country's mineral, oil and gas, and energy infrastructure policies. Minenergí...
- Company: Asociación Colombiana de Gas Natural (Naturgas)
-
The Colombian Natural Gas Association (Naturgas) is a national trade association for producers, transporters, distributors, and traders of natural gas in Colombia. Naturgas prot...
- Company: Actividades de Instalaciones y Servicios Cobra S.A. (Cobra Colombia) (Cobra Colombia)
-
Actividades de Instalaciones y Servicios Cobra S.A. (Cobra Colombia) is a subsidiary of Spanish Grupo Cobra, which in turn is one of the main subsidiaries of Spanish constructio...
- Company: Ceibo Energy Corp. (Ceibo Energy)
- Company: Rhema Internacional S.A.S (Rhema)
- Company: ONGC Videsh Limited Sucursal Colombiana (ONGC Videsh Colombia)
-
ONGC Videsh Limited Colombian Branch (ONGC Videsh Colombia) is a subsidiary of Indian state company Oil and Natural Gas Corporation Limited, through its affiliate ONGC Videsh Li...
- Company: Termovalle S.C.A. E.S.P. (Termovalle)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: ODL JV Ltd. (ODL JV)
-
ODL JV ltd., formerly Pacific Midstream Ltd., operates as a subsidiary of Canadian energy firm Frontera Energy Corporation. Through the subsidiary's 35% interest in Oleoducto de...
- Company: Abloy Colombia S.A.S. (Assa Abloy Global Solutions – Critical Insfrastructure Colombia)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
