The former chief executive of UK supermajor BP is set to oversee Carlyle Group’s onshore Colombia business following a $825 million deal to offload Occidental Petroleum’s assets in the region.


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Tony Hayward, who was ousted from the company after the Deepwater Horizon disaster in the US Gulf of Mexico in 2010, is currently chairman of commodity giant Glencore.

Hayward was chosen by the private equity firm to oversee its most recent acquisition, 14 onshore blocks in Colombia across the Llanos, Middle Magdalena and Putumayo basins. Six of the blocks are currently producing and the remaining eight are being explored, Carlyle said in a statement.

Occidental on Thursday announced the $825 million sale, with $700 million expected up front, to Carlyle Group as the US oil major works to meet a $2 billion divestiture target by the end of the year. The transaction is set to close in the fourth quarter of 2020.

Carlyle said in its own statement: “Drawing on its local market knowledge and deep energy expertise, Carlyle will pursue a strategy of field life extension and operating efficiency, as well as building on Colombia Onshore’s leading ESG initiatives. There is also the potential for the company to act as a platform for further growth in the region."

Carlyle added that it will work with Hayward for its upstream investments, appointing him chairman of the Colombia Onshore business.

Marcel van Poecke, head of Carlyle International Energy Partners, said he looks forward to “leveraging the wealth of experience that Tony has amassed over his years in the sector".

Hayward himself said: “Colombia played a pivotal role in my early career at BP and I am excited by the opportunity to return to lead a major Colombian oil and gas business."