BLOCK LOWER MAGDALENA BASIN

BLOCK LOWER MAGDALENA BASIN: IIB-DG acquired BLOCK LOWER MAGDALENA BASIN on May 16, 2022 the purpose of project is the construction of mechanical facilities for the oil industry, exploration and production.

The estimated total investment is 10,000,000,000.00 million dollars, for the purchase of the oil block, construction and management of the wells to be able to extract the hydrocarbons from the field in the 30-year concession that it has.

The estimated storage to build is 500,000 barrels, including land and transportation facilities.