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Spain's Cepsa puts oil wells in Peru, Colombia up for sale -El Mundo

Reuters
·1-min read
The logo of CEPSA is seen on the facade of a building at Cepsa Energy Park in San Roque

MADRID (Reuters) - Spanish privately held oil company Cepsa has put is oil wells in Peru and Colombia up for sale, newspaper El Mundo reported on Wednesday, citing unidentified sources.

The wells represented about 9% of Cepsa's overall production in 2022, the newspaper said without providing any value for the assets.

The company declined to comment on the potential deal but told Reuters it is constantly evaluating its options to maximize the value of its assets within is transformation strategy.

Cepsa, which is controlled by Abu Dhabi state investor Mubadala and U.S. firm Carlyle Group, has said it seeks to become a leader in biofuels and green hydrogen.

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As part of that strategy it sold its oil and gas exploration and production assets in the United Arab Emirates to French oil major TotalEnergies earlier this year.

(Reporting by Inti Landauro; editing by Jason Neely)