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Occidental Andina

Company Summary

Description

Occidental Andina, LLC explores and produces petroleum and gas. The company was founded in 1956 and is based in Bogota, Colombia. Occidental Andina, LLC operates as a subsidiary of Occidental Petroleum Corporation.

Website

https://www.oxy.com/OurBusinesses/OilandGas/LatinA...

Operational Regions

  • South America

Related Entities

Recent news

  • 11/26/2018 - Amerisur Resources... (subscriber access)

Company Transactions

Date:
Type: Acquisition

BUYERS:
  • Occidental Petroleum Corporation
  • Occidental Andina
    • SELLERS:
  • Amerisur Resources PLC
    • DETAILS:

    COST: 93.25 $MM

    VOLUMES: 50 Percent

    NOTES:
    Amerisur Resources Plc entered into a farm-out agreement with Occidental Petroleum for 50% of the Putumayo-9, Terecay, Tacacho, and Mecaya blocks, all in the Putumayo region, in southern Colombia. In return, Occidental will fund a $93.25 million exploration and appraisal program between 2019-2021. The blocks contain prospective resources of 656 MMbbls of oil over 1.4 million acres.
    REGIONS:
  • South America