Mergers & Acquisitions ·
On August 5, 2026, Gran Tierra Energy Inc. entered into a definitive agreement to sell its oil business in Colombia…
GTEGran Tierra Energy Inc.
On August 5, 2026, Gran Tierra Energy Inc. entered into a definitive agreement to sell its oil business in Colombia and Ecuador to Établissements Maurel & Prom S.A. for total consideration of $1.33 billion. The transaction includes the assumption by the Purchaser of the Company’s 9.500% Senior Notes due 2029 and 9.750% Senior Secured Amortizing Notes due 2031, while Gran Tierra will redeem its outstanding 7.750% Senior Notes due 2027. Upon completion, expected by December 31, 2026, the Company anticipates approximately $315 million in net cash proceeds and expects to be debt-free with significant liquidity. The divestiture allows Gran Tierra to focus on its retained assets in Canada and Azerbaijan. This transaction is subject to stockholder approval and regulatory clearances in Colombia and Ecuador. Gran Tierra Energy Inc. operates as an independent international energy company focused on oil and natural gas exploration and production.