Arrow eyes bond market for Colombia deals over US$100mn
Colombia-focused upstream company Arrow Exploration has reviewed around 60 M&A opportunities over the past 12 months, according to CEO Marshall Abbott.
“What we’re seeing onshore Colombia is significant deal flow compared to what it was about a year ago,” Abbott said during an investor call.
“We certainly have the balance sheet to pursue acquisitions … and we’ve been probing the bond market as well to look at acquisitions that are north of US$100mn,” he added.
The Calgary-based operator’s Colombian holdings include a 50% operating interest in Tapir (4,780boe/d net), a 100% operating interest in Santa Isabel (Oso Pardo) (120boe/d net) and a 10% stake in Ombu, which is temporarily shut in.
Abbott said there is confidence that Colombia’s national oil company Ecopetrol will extend Tapir’s contract, which expires in February 2028 and contains two five-year extension provisions.
“We’ve had very positive feedback from Ecopetrol. Ecopetrol themselves have actually initiated a program where they’re putting 18 of their operated blocks up for grabs and certainly, we’re looking at that. So, I think that’s a good indication of where we’re going on the tenure of the asset.”
Arrow’s 2026 focus is on Tapir discoveries Rio Cravo Este, Alberta Llanos, Mateguafa Attic, Carrizales Norte and Icaco.
May has been an active month for Arrow; click on the following links for updates:
Exploration Well IC-1 Log Results
(The original version of this content was written in English)
