Spanish privately held oil company Compañía Española de Petróleos, S.A. (CEPSA) has put is oil wells in Peru and Colombia up for sale, newspaper El Mundo reported on September 6, 2023, citing unidentified sources. The wells represented about 9% of Cepsa?s overall production in 2022, the newspaper said without providing any value for the assets. The company declined to comment on the potential deal but told Reuters it is constantly evaluating its options to maximize the value of its assets within is transformation strategy.