Maurel & Prom signs SPA to buy Gran Tierra assets in Colombia, Ecuador for USD 1.33 billion
GTE•Deal terms and operating profile
Total consideration is set at USD 1.33 billion, subject to customary working-capital adjustments, with an economic effective date of March 31, 2026.
The structure includes:
- a USD 50 million signing deposit
- a USD 65 million seller note due 364 days post-closing
- debt assumed including Senior Notes 9.50% due 2029, Senior Secured Notes 9.75% due 2031, and the Trafigura prepayment facility
The assets produced 29,026 b/d net in H1 2026, with 144 million barrels of 2P reserves as of Dec. 31, 2025.
Closing timeline and production target
Closing is targeted around Dec. 31, 2026. The portfolio plan targets net output of about 40,000 b/d by 2029-2030.
