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Parex Resources – Colombia

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Link  Articles Blog,   Colombia Eia report

Llanos Basin

The Canadian company PAREX has focused on purchasing land near its current holdings in the Llanos Basin, boosting its position to about 2 million acres (809,371 hectares) from 250,000 acres in 2009.

Parex’s largest non-state-owned competitor is Pacific Rubiales Energy Co., a Bogota and Toronto-listed company with a market value of about C$6.7 billion, in February produced about 1 million barrels a day of crude, according to the country’s Mines and Energy Ministry.

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