Calgary-based Talisman Energy Inc. and Colombia’s largest integrated producer, Ecopetrol SA, agreed to acquire BP plc‘s affiliate company in Colombia, BP Exploration Co. Colombia Ltd., for close to $1.9 billion. The transaction, in which Talisman would hold a 49% stake and Ecopetrol would be majority owner, includes all of BP’s interests and business in Colombia. BP’s proven and probable reserves in Colombia are estimated at 94 million boe; current production is around 24,000 boe/d. Talisman has worked in Colombia for close to 10 years. It currently participates in 14 exploration and production blocks in the country, including two with Ecopetrol.
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