Canada’s Pacific Rubiales Snags Colombian Outfit

Canadian natural gas and oil producer Pacific Rubiales has acquired 100% of Colombian oil and gas Kappa Energy for approximately $168m. Kappa holds exploration and production licenses in nine oil blocks in Colombia, where it has been operating since 1997. Pacific Rubiales also owns Meta Petroleum, a Colombian oil company that operates the Rubiales and Piriri oil fields in the Llanos Basin alongside Ecopetrol.