Parex Resources on 6 November 2018, announced that it had acquired 100% WI in the Fortuna Block for a total price of approximately US$ 17 million. The Middle Magdalena Basin block was operated by Sinochem subsidiary Emerald Energy, which held 72% WI in the block. Partners Ecopetrol and Geoadinpro held 20% and 8%, respectively. The block is a production contract in association with Ecopetrol. It is subject to total royalty rate of approximately 15%. Parex, in its Q3 2018 update, reported that it expects to commence a two-well exploration programme, as well as a 3D seismic shoot on the block, once the transaction has received regulatory approval. 
Parex Resources on 6 November 2018, announced that it had acquired 100% WI in the Fortuna Block for a total price of approximately US$ 17 million. The Middle Magdalena Basin block was operated by Sinochem subsidiary Emerald Energy, which held 72% WI in the block. Partners Ecopetrol and Geoadinpro held 20% and 8%, respectively.