Enap to acquire Pluspetrol Ecuador for $207 million
Chile's state oil company will boost production 26% and reserves 34% in deal pending regulatory approval.
Palanor Wire · composed from 3 outlets · every claim links to its sources
What happened
Enap agreed to acquire 100% of Pluspetrol Ecuador B.V. for $207 million. 123 The transaction will be completed through Enap's subsidiary Enap Sipetrol. 12 The deal is subject to regulatory approvals. 2
Why it matters
The acquisition represents one of Enap's largest international investments. 13 The purchase will increase Enap's daily oil production by 26%. 12 Proved reserves will rise by 34% to 67 million barrels. 12 The acquisition aims to reinforce supply to Enap's refineries. 3
What to watch
Regulatory approval processes will determine when the transaction closes. 2
Sources · 3
[1]Enap compra petrolera en Ecuador en más de US$ 200 millones para reforzar el suministro de sus refinerías
La Tercera
[2]Enap acuerda adquisición de Pluspetrol Ecuador por US$ 207 millones
Rumbo Minero
[3]Enap acuerda adquirir operación petrolera en Ecuador por US$207 millones
Portal Minero
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