Parex Resources and Ecopetrol Enter Into Definitive Agreements to Explore Colombia's High-Potential Llanos Foothills Trend
Parex Resources and Ecopetrol Enter Into Definitive Agreements to Explore Colombia's High-Potential Llanos Foothills Trend
"After extensive joint efforts, Parex and Ecopetrol are proud to announce the execution of definitive agreements to explore the high-potential Foothills of Colombia and harmonize our respective land positions. On behalf of Parex, I want to express my gratitude to Ecopetrol for their trust in our company, while reaffirming our commitment to the respectful treatment of community and stakeholder rights. This collaboration not only supports Colombia's energy position and the current administration's initiatives, but also marks a transformative frontier for Parex as we advance our gas strategy alongside our strategic partner," commented Imad Mohsen, President & Chief Executive Officer.CALGARY, Alberta, April 11, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. ("Parex" or the "Company") (TSX: PXT) and its strategic partner Ecopetrol S.A. ("Ecopetrol"), are pleased to announce that they have entered into definitive agreements to consolidate their position along the Llanos Foothills trend in alignment with current Colombian government objectives to secure gas supply and support energy transition initiatives.
艾伯塔省卡尔加里，2024年4月11日（GLOBE NEWSWIRE）——Parex Resources Inc.（“Parex” 或 “公司”）（多伦多证券交易所股票代码：PXT）及其战略合作伙伴Ecopetrol S.A.（“Ecopetrol”）欣然宣布，他们已签订最终协议，巩固其在拉诺斯山麓趋势中的地位，以符合哥伦比亚政府当前的天然气安全目标供应和支持能源转型举措。
Parex and Ecopetrol are now strategically positioned with eight blocks, along with the creation of a mutual area of interest ("AMI"), to capitalize on the approximately 500-kilometer geological trend and explore for new sources of domestic gas and liquids. This trend boasts world-class discoveries at both ends, which cumulatively have produced over 1.4 million barrels of oil(1), and roughly 4 trillion cubic feet of natural gas(1), with the middle of the trend largely unexplored.
Parex和Ecopetrol现在处于战略位置，共有八个区块，同时还创建了一个共同利益区（“AMI”），以利用约500公里的地质趋势，探索新的家用天然气和液体来源。这一趋势以两端的世界级发现为特色，累计生产了超过140万桶石油（1）和大约4万亿立方英尺的天然气（1），而这一趋势的中间部分基本上尚未开发。
The agreements signify progress in Parex's long-term gas strategy to pursue underexplored liquids-rich plays, which are within an area that has existing infrastructure that can be leveraged to accelerate exploration and development following new regulations that have been approved by the Colombian government.
这些协议标志着Parex的长期天然气战略取得了进展，该战略旨在开采未充分开发的富含液体的油田，这些油田位于现有基础设施的区域内，根据哥伦比亚政府批准的新法规，可以利用这些基础设施来加速勘探和开发。
"After extensive joint efforts, Parex and Ecopetrol are proud to announce the execution of definitive agreements to explore the high-potential Foothills of Colombia and harmonize our respective land positions. On behalf of Parex, I want to express my gratitude to Ecopetrol for their trust in our company, while reaffirming our commitment to the respectful treatment of community and stakeholder rights. This collaboration not only supports Colombia's energy position and the current administration's initiatives, but also marks a transformative frontier for Parex as we advance our gas strategy alongside our strategic partner," commented Imad Mohsen, President & Chief Executive Officer.
“经过广泛的共同努力，Parex和Ecopetrol自豪地宣布执行最终协议，以探索高潜力的哥伦比亚山麓并协调我们各自的土地地位。我谨代表Parex对Ecopetrol对我们公司的信任表示感谢，同时重申我们对尊重社区和利益相关者权利的承诺。这种合作不仅支持哥伦比亚的能源地位和现任政府的举措，而且标志着帕雷克斯与战略合作伙伴一起推进天然气战略的变革前沿。” 总裁兼首席执行官伊玛德·穆赫森评论道。
"Over the last three years, Parex has strategically strengthened our asset portfolio, such as carrying out the Arauca & LLA-38 farm-in and acquiring 18 new blocks in the 2021 Colombia bid round. This further partnership with Ecopetrol is a continuation of those efforts to expand and high-grade our portfolio as we focus on executing near-field exploration prospects – while concurrently drilling high-impact targets with step-change potential."
“在过去的三年中，Parex从战略上加强了我们的资产组合，例如进行阿劳卡和 LLA-38 农场投资，并在2021年哥伦比亚竞标轮中收购了18个新区块。与Ecopetrol的进一步合作是扩大和提高我们产品组合的努力的延续，因为我们专注于执行近场勘探前景，同时钻探具有阶跃潜力的高冲击目标。”
Key Highlights
主要亮点
Assumed operatorship in all exploration and future development activities where Parex holds a newly acquired working interest ("W.I.")(2).
Harmonized the LLA-4-1, LLA-16-1, and LLA-121 blocks(2) to become 50-50 joint venture partners as well as the option to jointly participate in two additional blocks within the trend is under evaluation.
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Received a 50% participation share in the form of exploratory rights within the Sirirí Convenio(2), where the producing Gibraltar field is located, in exchange for drilling the Gibraltar Profundo exploration well and further capital investments of $11 million (gross).
The Gibraltar field is currently producing from the Mirador formation(3)(4), which is excluded from the definitive agreements(2) and will remain 100% Ecopetrol W.I.
Gibraltar Profundo is a 3D-defined exploration prospect targeting gas and condensate below the Mirador formation, and becomes one of the highest-ranking prospects in Parex's high-impact big 'E' exploration portfolio; with expected results in 2025, the prospect is located within the existing facilities of the Gibraltar field where a discovery could be fast-tracked to existing pipeline infrastructure.
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Created an AMI within the Foothills trend that includes the Niscota exploration area, whereby if either party acquires the rights within an area, each party has the right to acquire a 50% W.I. of the acquired area(5)(6).
The Niscota area is on trend to the producing fields of Cusiana, Cupiagua, Floreña, and Pauto Sur, which together produced over 23,000 bbl/d of oil(4) and roughly 1 bcf/d of natural gas(4) in 2023 from discoveries made in the 1980s and 1990s; peak average production from the combined fields was approximately 450,000 bbl/d of oil(1) and roughly 3 bcf/d of natural gas(1).
Continuing to work jointly to unlock transportation via recent changes in regulations that allow for the conversion of existing oil pipelines to multiphase pipelines, minimizing the need for new independent treatment facilities for each block, and accelerating commercial onstream time for successful gas production.
假设在Parex持有新收购的工作权益（“W.I.”）的所有勘探和未来开发活动中担任运营商（2）。
统一 LLA-4-1、LLA-16-1 和 LLA-121 区块（2），使其成为50-50的合资伙伴，并且在该趋势中共同参与另外两个区块的选择正在评估中。
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以直布罗陀产油田所在的SiririíConvenio（2）内勘探权的形式获得50％的参与份额，以换取钻探直布罗陀普罗丰多勘探井和进一步的1,100万美元（总额）资本投资。
直布罗陀油田目前使用米拉多尔地层（3）（4）进行生产，该地层不在最终协议（2）中，并将保持100％Ecopetrol W.I。
Gibraltar Profundo是一个三维定义的勘探前景，目标是米拉多地层下方的天然气和凝析油，并成为Parex高影响力的大型 “E” 勘探组合中排名最高的勘探前景之一；该勘探区位于直布罗陀油田的现有设施内，可快速发现到现有的管道基础设施，其结果将在2025年公布。
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在包括Niscota勘探区域在内的Foothills趋势范围内创建了AMI，根据该AMI，如果任何一方获得区域内的权利，则各方都有权收购所收区域的50％W.I.（5）（6）。
尼斯科塔地区有向库西亚纳、库皮亚瓜、弗洛伦纳和南保托等产油田的趋势，这些油田在2023年共生产了超过23,000桶/日的石油（4）和大约10亿立方英尺/日的天然气（4），这些油田的峰值平均产量约为45万桶/日的石油（1），大约30亿立方英尺天然气的/d (1)。
继续共同努力，通过最近修改法规来解锁运输，允许将现有石油管道转换为多相管道，最大限度地减少每个区块对新的独立处理设施的需求，并缩短成功生产天然气的商业上线时间。
(1) Source: IHS – S&P Global.
(2) See "Block & Working Interest Summary" for additional information.
(3) The Gibraltar field currently produces approximately 37,000 mcf/d of natural gas and roughly 700 barrels of light crude oil from the Mirador formation (January 2024).
(4) Source: National Hydrocarbons Agency of the Republic of Colombia ("ANH").
(5) Excludes the extension of the existing discoveries from the Piedemonte Convenio, where Ecopetrol will keep 100% rights over such area.
(6) Subject to government approval.
(1) 资料来源：IHS — 标普全球。
(2) 有关其他信息，请参阅 “区块和工作兴趣摘要”。
(3) 直布罗陀油田目前从米拉多地层生产约37,000立方英尺/日的天然气和约700桶轻质原油（2024年1月）。
（4）来源：哥伦比亚共和国国家碳氢化合物管理局（“ANH”）。
(5) 不包括《皮埃蒙特公约》中现有发现的延期，在该协议中，Ecopetrol将保留对该区域的100％权利。
(6) 须经政府批准。
Llanos Foothills Block & Working Interest Summary
Llanos Foothills 区块和工作兴趣摘要
Block |
Parex |
Ecopetrol |
Updated | ||
Sirirí Convenio |
50% W.I. in Future Exploration(1)(4) |
100% W.I. in Current Producing Area(3) |
LLA-4-1 |
50% W.I.(2)(4) |
50% W.I. |
LLA-16-1 |
50% W.I.(2)(4) |
50% W.I. |
LLA-121 |
50% W.I.(1)(4) |
50% W.I. |
Existing Partnerships | ||
Capachos |
50% W.I.(2) |
50% W.I. |
Arauca |
Parex 50% Participating Share(2)(5) |
50% W.I. |
LLA-38 |
50% W.I.(2) |
50% W.I. |
LLA-122 |
50% W.I.(2) |
50% W.I. |
阻止 |
Parex |
哥伦比亚国家石油公司 |
已更新 | ||
西里里康维尼奥 |
未来探索的 W.I. 50% (1) (4) |
当前产区的 100% W.I. (3) |
哈哈-4-1 |
50% W.I. (2) (4) |
50% W.I. |
哈哈-16-1 |
50% W.I. (2) (4) |
50% W.I. |
哈哈 121 |
50% W.I. (1) (4) |
50% W.I. |
现有伙伴关系 | ||
卡帕乔斯 |
50% W.I. (2) |
50% W.I. |
阿劳卡 |
Parex 50% 参与股份 (2) (5) |
50% W.I. |
哈哈-38 |
50% W.I. (2) |
50% W.I. |
哈哈122 |
50% W.I. (2) |
50% W.I. |
(1) New Parex operatorship.
(2) Pre-existing Parex operatorship.
(3) Parex receives 50% participating share in future exploration; Ecopetrol retains 100% W.I. and operatorship of current production, with 50% participating share in future exploration.
(4) Subject to government approval.
(5) Business Collaboration Agreement with Ecopetrol (Parex 50% Participating Share); Ecopetrol currently holds 100% of the W.I. in the Convenio Arauca while the assignment procedure is pending.
(1) 新的帕雷克斯运营商。
(2) 先前存在的 Parex 运营商。
(3) Parex在未来勘探中获得50％的参与份额；Ecopetrol保留100％的WI和当前生产的运营权，50％的参与份额将用于未来的勘探。
(4) 须经政府批准。
(5) 与Ecopetrol的业务合作协议（Parex的50％参与股份）；Ecopetrol目前持有Convenio Arauca中WI的100％股份，而转让程序尚待审批。
