Parex and Ecopetrol Forge Key Exploration Alliance

Parex (TSE:PXT) has released an update.

Parex Resources Inc. has announced definitive agreements with Ecopetrol S.A. to explore the Llanos Foothills trend in Colombia, aiming to boost domestic gas supply and support energy transition. The partnership, which positions the companies on eight blocks with significant geological potential, advances Parex’s strategy to tap into underexplored areas with existing infrastructure. This collaborative effort aligns with national energy initiatives and is seen as transformative for Parex, enhancing its asset portfolio with high-impact exploration targets.

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