Market Chatter: Ecopetrol Mulls Buying SierraCol Energy From Carlyle Group

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Market Chatter: Ecopetrol Mulls Buying SierraCol Energy From Carlyle Group

, MT Newswires - 4:24 AM ET 4/2/2025 mergers-and-acquisitions

04:24 AM EDT, 04/02/2025 (MT Newswires) -- Ecopetrol ( EC ) is considering acquiring Carlyle Group's ( CG ) Colombian oil driller, SierraCol Energy, to boost reserves and output, Bloomberg reported late Tuesday, citing an interview with Ecopetrol ( EC ) executives.

Reuters reported last month that Carlyle is looking to sell SierraCol for $1.5 billion, Bloomberg said.

"We were invited to the process and are currently analyzing the option," Rafael Guzman, Ecopetrol's ( EC ) vice president of hydrocarbons, told Bloomberg. "We have yet to decide if we present an offer.

Carlyle Group ( CG ) didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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