Frontera aims to revive its production this year
Frontera aims to rebuild production
The Colombia-focused operator forecasts a partial rebound in production this year and is hopeful about exploration offshore Guyana
Calgary-based independent Frontera Energy plans to combine further exploration in Guyana’s prolific offshore this year—after announcing its first oil discovery in the region in January—with drilling activity in Ecuador and growth from its core Colombian acreage. Frontera projects a partial rebound in oil and gas production across its portfolio in 2022. The operator is forecasting an increase of around 10pc over the average of 37,818bl/d oe posted in 2021. But Frontera’s annual output dropped by more than a fifth last year, from 47,800bl/d oe in 2020, amid market volatility and as protests forced a brief shut-in of Colombian production. And the firm projects its annual capex will be anywhere
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
