Ecopetrol (NYSE:EC) is considering buying SierraCol Energy, Colombia's biggest independent oil producer, from Carlyle Group (CG), as it looks to boost reserves and production, company president ...

Carlyle had planned to increase production from the projects to 50,000 barrels of oil equivalent a day, from about 34,000 boe/d in 2023, and then use the structure to make further acquisitions ...

Carlyle set up SierraCol in 2020 after buying assets from Occidental Petroleum and its production of 45,000 barrels of oil equivalent per day make it the largest independent producer in Colombia.

Carlyle Group (NASDAQ ... firm set up SierraCol in 2020 after buying assets from Occidental Petroleum, and production of 45K boe/day makes SierraCol the largest independent producer in Colombia ...