Maurel & Prom's Strategic Acquisition in Latin America

On August 5, 2026, Maurel & Prom (M&P) announced the signing of a Share Purchase Agreement with Gran Tierra Energy Inc. This acquisition includes assets and operations in Colombia and Ecuador. The deal, valued at $1.33 billion, marks a major step in M&P’s strategy, enhancing their operational platform in Latin America.

The acquired assets reported a working interest production of 29,026 bopd in the first half of 2026, with certified 2P reserves of 144 mmbbls. M&P aims to boost production to 40,000 bopd by 2029-2030, capitalizing on diverse opportunities across the Middle Magdalena Valley and Oriente Basin.

The transaction relies on an attractive financing structure, including the assumption of Gran Tierra's senior notes, limiting cash outflow and preserving M&P's financial flexibility. Closing is expected by December 31, 2026, pending required approvals.