Three Latham & Watkins LLP offices and Miranda & Amado Abogados in Lima have helped Colombian oil company Ecopetrol and South Korean counterpart Korea National Oil Corporation sell Offshore International Group (OIG) - which operates oil fields in Peru - to US investor De Jong Capital. 

Latin Lawyer could not identify De Jong´s counsel prior to publishing. The sale was announced on 19 January for an undisclosed amount. 

Ecopetrol and Korea National Oil Corporation bought OIG back in 2019 for US$ 900 million. They held 50% each in the company, the entirety which has been transferred to De Jong. 
OIG is incorporated in Texas and operates oil exploration sites and fields in the US and Peru. Among its assets, it holds a 100% stake in two operational oil blocks that lie adjacent to each other in the Talara basin off the coast of northern Peru. The fields - Z-2B and Z-6 - are operated by OIG´s subsiadiary, Savia Perú, and produced an average of 11,300 barrels per day in 2019. 
Savia Perú, which is one of Peru's biggest oil producers, obtained an asset backed financing of US$ 42 million in 2019. 

Team - Miranda & Amado: Guillermo Bracamonte (Partner), Cynthia Rebaza (Associate), Luis Miguel Sánchez (Associate), Talía Díaz (Associate), Chantal Deleplanque (Associate), María Alejandra Pons Muzzo (Associate) y Valerio Ossorio (Associate).