Deal Insight
Chevron exits upstream Colombia with sale to Hocol
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Ecopetrol subsidiary, Hocol, is to acquire a 43% operated stake from Chevron in two gas assets in Colombia. Ecopetrol already holds 57% of the Guajira area assets. The transaction includes the large offshore Chuchupa field and the smaller onshore Ballena field, both located in the Guajira area. Exiting non-core countries has become a growing theme for Chevron as its retrenchment to its core areas continues. The sale marks the company's third country exit in a month, following sales in Azerbaijan and the Philippines, and its 11th country exit since 2014. The company will emerge from its high-grading drive with the most focused upstream portfolio of any Major.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
-
Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
-
Deal analysis: Table 2Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Plataforma Deltana Block 3
Plataforma Deltana Block 3 is an exploration licence offshore eastern Venezuela that contains the Macuira gas field. Chevron owns a ...
$3,720
Asset Report
Paranam alumina refinery
A detailed analysis of the Paranam alumina refinery.
$2,250
Asset Report
Plataforma Deltana Block 2
Plataforma Deltana Block 2 is in the Columbus sub-basin, offshore eastern Venezuela. PDVSA made the original discovery of the Loran ...
$3,720
