Óleo e Gas Participações SA, the Brazilian oil company formerly known as OGX, on Friday said it would submit a new offer to sell assets in Colombia after that country’s oil regulator rejected a prior proposal.
The new proposal, the company said in a securities filing, will seek to sell its remaining assets in the Vale Inferior do Magdalena region for a value of $30 million. The prior proposal sought to sell its VIM-5 and VIM-19 assets in that region in addition to the CR-2, CR-3 and CR-4 assets in the Cesar Rancheria region.
Separately, Oleo e Gas in a filing said its June output totaled 390,249 barrels, of which 271,280 came from the company’s Tubarão Martelo field. The company also said its third well in the Tubarão Martelo field had begun production, with an average of 3,200 barrels per day. (Reporting by Juliana Schincariol; Editing by Lisa Shumaker)