Maurel & Prom to buy Gran Tierra’s Colombia and Ecuador assets

What’s the deal? France’s Maurel & PromDealroom has a profile for this one. Try Dealroom → has signed a definitive share purchase agreement to buy Gran Tierra Energy CI GmbHDealroom has a profile for this one. Try Dealroom → from a wholly owned subsidiary of Gran Tierra EnergyDealroom has a profile for this one. Try Dealroom →. The unit comprises all of Gran Tierra’s assets and operations in Colombia and Ecuador. Terms were not disclosed.

What it means. Maurel & Prom framed the acquisition as a major step in its growth strategy. It said the deal will create “a scaled, predominantly operated oil platform in Latin America,” pairing existing production with a portfolio of development, appraisal and exploration opportunities.

The signal. The transaction hands Maurel & Prom an established production base and expansion prospects across two Andean markets in one move. It marks a fresh push by the French operator to build scale in Latin America.

Read more: Energy Analytics Institute

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