Exploration & Production
Parex Advances Llanos Foothills Exploration Alliance with Ecopetrol
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Parex and strategic partner Ecopetrol provided an update on their Llanos Foothills exploration program, noting that a full strategic alliance has effectively been achieved and that key Foothills agreements and regulatory approvals are now complete. In its 2026 program, Parex plans to commence initial and civil works to spud the Floreña Huron exploration well in the Niscota block and commence civil works to spud the Farallones exploration well, with both exploration wells to be drilled on a 100% capital basis.
On the production side, Parex sustained strong output in late 2025, averaging 49,300 boe/d in October 2025 and 50,300 boe/d in November 2025, with QTD Q4 2025 average production currently 49,700 boe/d. With minimal expected production additions for the remainder of the year, Parex expects to achieve approximately the midpoint of its FY 2025 annual average production guidance of 45,000 boe/d (range: 43,000 to 47,000 boe/d). Parex plans to release its 2026 guidance after markets close on January 19, 2026.
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