Parex Resources Inc. (“Parex”) is actively engaged in crude oil exploration, development, and production in Colombia. Through foreign subsidiaries, the Company holds interests in onshore exploration and production blocks totaling approximately 1.6 million gross acres. Parex is committed to sustainably grow reserves, production, and cash flow.
Currently, Parex is focused on Colombia where the Company is conducting activities in the Llanos and Magdalena Basins and has demonstrated since 2009 its abilities to:
Parex is committed to developing energy resources in a manner that is economically, environmentally and socially sustainable as it builds a portfolio of drilling opportunities and advances its exploration and development program.