Chevron concludes $5 bn Noble takeover, secures Colombia E&P return

Chevron has completed its $5 bn acquisition of Noble Energy in a deal that sees the US oil and gas major return to Colombia’s upstream segment. The agreement means Chevron will operate the Colombia-3 and Guajira Off-3 blocks off the Caribbean coast with a 40% working interest. According to information on Noble’s website, exploration drilling at Colombia-3 and Guajira Off-3 is expected to begin next year.

Source: Bnamericas