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Colombian government approves sale of interest in Chevron gas field to Ecopetrol’s Hocol

Alan F. Tillotson April 8, 2020

Yesterday, the Colombian Superintendency of Industry and Commerce (SIC) issued Resolution 12785 of 2020 authorizing the sale of Chevron’s (NYSE: CVX) stake in the Chuchupa and Ballena oil fields in La Guajira, Colombia to the subsidiary of Ecopetrol (NYSE: EC) Hocol. The fields are currently owned 43% by Chevron and 57% by Ecopetrol, and operational …

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Colombian government approves sale of interest in Chevron gas field to Ecopetrol’s Hocol

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