On 17 July 2018 Parex Resources reported a potential sale of its Llanos Basin assets, namely the Cabrestero, LLA-32, and LLA-34 blocks in the Southern Casanare (SoCa) department. The three blocks combined total some 540 sq km. Parex operates Cabrestero Block with 100% interest and the LLA-32 Block with 87.5% interest. The adjacent LLA-34 Block is operated by GeoPark subsidiary Winchester Oil and Gas and Parex holds a 55% interest. Parex jointly discovered these SoCa assets where its working interest production has increased from zero in 2012 to 38,510 boe/d, as reported in Q2 2018. This strategic repositioning is currently under review and Parex continues to assess this and other means to enhance value for its shareholders.
Parex Resources reported a potential sale of its Llanos Basin assets, namely the Cabrestero, LLA-32, and LLA-34 blocks in the Southern Casanare (SoCa) department. The three blocks combined total some 540 sq km.