Parex Resources Inc. is a Canada-based, independent exploration and production company focused on the discovery, development and commercialization of light and medium crude oil resources. Headquartered in Calgary, Alberta, the company is primarily active in Colombia, where it holds a diversified portfolio of exploration and production blocks. Parex pursues a strategy that integrates technical expertise, operational efficiency and cost discipline to deliver value across the oil and gas lifecycle.
Since its inception in the early 2000s, Parex has concentrated its efforts in the Llanos Basin of eastern Colombia, where it has established operated positions on several key blocks. The company’s assets span both mature fields and emerging exploration opportunities, and its operations encompass seismic acquisition, drilling and completions, reservoir management and infrastructure optimization. Parex’s portfolio is designed to balance near-term production growth with the potential for longer-term reserve replacement and exploration success.
Throughout its history, Parex has grown through a combination of farm-in agreements, asset acquisitions and organic exploration. The company’s first major production ramp-up occurred after securing a stake in the CPE-6 block, and it has since added adjacent acreage through strategic partnerships. Parex places a strong emphasis on operational execution and innovative drilling techniques, which have underpinned its track record of cost control and steady production increases in a competitive environment.
Leadership at Parex Resources is headed by President and Chief Executive Officer Andrew Dalton, who brings more than two decades of industry experience to the role. The company is supported by a board of directors with expertise in upstream oil and gas, corporate governance and international markets. In addition to its core exploration and production activities, Parex is committed to environmental stewardship and community engagement, working closely with local stakeholders to promote safe operations and sustainable development in the regions where it operates.
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