Hocol has acquired Chevron's interest in the Chuchupa and Ballena fields located in the department of La Guajira in Colombia. The fields are operated by Chevron through the Guajira Association Contract (57% Ecopetrol and 43% Chevron). Under the terms of the agreement, Hocol will acquire Chevron's stake and will take the position of operator. The transaction is subject to approval by the Superintendence of Industry and Commerce (SIC).
'We are committed to continue generating value to the country and the environments where we operate, as well as contributing to the supply of gas for the Colombian north coast,' said Rafael Guzmán, President and CEO of Hocol.