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Maurel & Prom to acquire Gran Tierra Energy's assets
PRIVATEAug 05, 2026•4 days ago
Acquiring Company
Établissements Maurel & Prom S.A
Acquired Company
Gran Tierra Energy
ParisCalgaryEnergyOil And GasEnergyOil And Gas
Description
Gran Tierra Energy Inc. has entered into an agreement to sell its Colombia and Ecuador oil business to Établissements Maurel & Prom for $1.33 billion. The transaction is expected to close around December 31, 2026, subject to various approvals. This sale will position Gran Tierra to focus on growth in Canada and Azerbaijan, while returning capital to shareholders.
Company Information
Company
Établissements Maurel & Prom S.A
Location
Paris, Ile De France, France
About
Établissements Maurel & Prom S.A. is an international oil and natural gas exploration and production company. It is majority owned by PT Pertamina Internasional Eksplorasi dan Produksi, a subsidiary of Indonesia's national energy company. The company is focused on acquiring and developing oil and gas assets worldwide.
Paris
CalgaryEnergyOil And GasEnergyOil And Gas