Vetra: A Colombian story

Vetra Energia is a private Colombian based E&P with a sole focus on Colombia. Its main asset is a 69.5% operated interest in the Sur Oriente block; Petroamerica is the partner on the block with 30.5% WI which it acquired through the merger with Suroco in 2014. Vetra Energia also has a 100% WI in the La Punta block and a 60% operated interest in VMM2 (40% Canacol) which contains the Mono Araña field. In July 2013, Vetra Energia was acquired...

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Apache's Egyptian Jewel

Apache entered Egypt in 1994 and has since built up a dominant onshore position through a series of acquisitions and an aggressive exploration campaign. It is the largest acreage holder in the Western Desert and operates 24 licences. In 2010, Apache expanded its position through the acquisition of BP’s entire Western Desert portfolio as part of a wider transaction involving BP’s North American assets. In 2013, Apache divested 33.3% of its Egyptian...

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Pricing Kenyan crude

The price a crude fetches is typically against a benchmark such as Brent, WTI or Urals and the underlying crude marketing agreement will detail the calculation of the premium or discount to such a benchmark as well as other adjustments. As Kenyan crude has never been marketed before, there is no established pricing for Lokichar crude – however, a hypothetical value can be calculated. One of the key determinants of crude pricing is crude quality...

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