Maurel & Prom signs SPA to buy Gran Tierra assets in Colombia, Ecuador for USD 1.33 billion

Reuters2026/08/05 06:35

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Maurel & Prom signed a definitive SPA to buy Gran Tierra Energy CI GmbH, holding Gran Tierra’s Colombia and Ecuador oil assets.
Total consideration set at USD 1.33 billion, subject to customary working-capital adjustments, with economic effective date of March 31, 2026.
Structure includes a USD 50 million signing deposit, a USD 65 million seller note due 364 days post-closing, debt assumed including Senior Notes 9.50% due 2029, Senior Secured Notes 9.75% due 2031, Trafigura prepayment facility.
Assets produced 29,026 b/d net in H1 2026, with 144 million barrels of 2P reserves as of Dec. 31, 2025.
Closing targeted around Dec. 31, 2026; portfolio plan targets net output of about 40,000 b/d by 2029-2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Établissements Maurel & Prom SA published the original content used to generate this news brief via Business Wire (Ref. ID: 20260804212318) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Maurel & Prom signs SPA to buy Gran Tierra assets in Colombia, Ecuador for USD 1.33 billion

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