Frontera signs $120mn crude oil deal with Chevron subsidiary
Frontera Energy has signed a crude supply deal worth up to $120mn with Chevron Products Company, including an initial $80mn prepayment and an option for additional funding.
| Countries | Canada, Colombie, Équateur, Guyana, États-Unis |
|---|---|
| Companies | Frontera Energy |
| Sector | Pétrole |
| Theme | Marchés & Finance |
Canadian oil producer Frontera Energy, headquartered in Calgary, has announced a commercial and prepayment agreement with Chevron Products Company, a unit of US-based Chevron Corporation. The agreement commits Frontera’s Colombian subsidiary to supply part of its crude oil production over a two-year period, for a total value of up to $120mn.
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