Parex Resources Expands Partnership with Ecopetrol

Parex Resources (TSE:PXT) has released an update.

Parex Resources has strengthened its strategic partnership with Ecopetrol by securing a 50% working interest in multiple blocks in Colombia, enhancing its exploration and production capabilities. This collaboration is expected to boost Parex’s oil recovery efforts and aligns with its strategy to expand in areas with significant potential. The company also reported stable production figures and remains on track to meet its annual production targets.

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