Entering text into the input field will update the search result below

Gran Tierra, GeoPark-Frontera group win Ecuador oil contracts

  • Gran Tierra Energy (GTE +4.5%), GeoPark (GPRK +0.3%) and Frontera (OTC:FECCF) have won bids to develop seven oil exploration blocks with potentially high reserves in Ecuador, the country's energy ministry says.
  • GTE won contracts for the Chanangue, Charapa and Iguana blocks, while a consortium formed by Chile's GeoPark and Canada's Frontera will operate the Perico and Espejo blocks.
  • The ministry says development of the blocks will require an investment of $1.17B and allow an estimated peak production of 18K bbl/day in 2024.

Recommended For You

Related Stocks

SymbolLast Price% Chg
GTE--
Gran Tierra Energy Inc.
GPRK--
GeoPark Limited
FECCF--
Frontera Energy Corporation
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.