Chilean state oil company Enap has signed an agreement to acquire 100% of Pluspetrol Ecuador B.V. for a base price of US$207 million.

The contract was executed by Enap subsidiary Enap Sipetrol S.A.

Enap has operated in Ecuador since 2003 through service contracts in Block 46 and Block 47. It has accumulated over 150 million barrels of extracted oil in the country.