04:11 AM EDT, 03/11/2026 (MT Newswires) -- Carlyle Group ( CG ) has agreed to sell Colombian oil producer SierraCol Energy to Prime Infrastructure Capital for an undisclosed amount, media outlets reported Wednesday.

According to the reports, Carlyle is seeking about $1.5 billion for the business. The company has invested about $1 billion in SierraCol since 2020, after acquiring assets from Occidental Petroleum ( OXY ) to stabilize production and reduce emissions.

Prime Infrastructure is led by Filipino businessman Enrique Razon Jr.

Carlyle did not immediately respond to MT Newswires' request for comment.