Parex Resources completes $500m acquisition of Frontera E&P assets
Key takeaways
- Parex Resources completes $500m acquisition of Frontera E&P assets.
- The transaction sees Parex gaining full ownership of Frontera Petroleum International Holdings (Frontera E&P) for a $500m cash payment funded through a recent notes issue, along with the assumption of $225m in net debt.
- An additional $25m contingent payment may be due if the Quifa contract with Ecopetrol is extended before the first anniversary of completion, bringing the total potential value to $750m.
Parex Resources completes $500m acquisition of Frontera E&P assets. The acquired assets are expected to add 37 · Offshore Technology Salong Debbarma Tue, June 2, 2026 at 9:22 PM GMT+7 2 min read EC FEC.TO NG=F Parex Resources has completed its acquisition of all Colombian exploration and production (E&P) assets held by Frontera Energy in a deal valued at $500m (C$691.6m).
The transaction sees Parex gaining full ownership of Frontera Petroleum International Holdings (Frontera E&P) for a $500m cash payment funded through a recent notes issue, along with the assumption of $225m in net debt.
An additional $25m contingent payment may be due if the Quifa contract with Ecopetrol is extended before the first anniversary of completion, bringing the total potential value to $750m.