US EditionFrontera Signs Deal to Supply Crude Oil to Chevron Unit for Up to $120 Million - Energy News, Top Headlines, Commentaries, Features & Events
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Orlando Cabrales, president of Frontera Energy. Image: VII Oil, Gas and Energy SummitFrontera Energy announced the signing of a commercial and prepaid agreement for $120 million with the energy sector company Chevron. The agreement states that Frontera, a company led by Orlando Cabrales, will receive an initial advance of $80 million, in exchange for the commitment to hand Chevron a share of its crude oil production over a period of two years. F…
Frontera Signs Deal to Supply Crude Oil to Chevron Unit for Up to $120 Million - Energy News, Top Headlines, Commentaries, Features & Events
Frontera Energy’s Colombian unit has signed a prepayment and commercial agreement worth up to $120 million with a unit of U.S. oil major Chevron to supply crude oil over two years, the Canadian oil producer said on Monday. Under the deal, Frontera will receive an initial $80 million advance and supply a portion of its crude output ...
The agreement replaces an existing prepayment contract that was due to expire at the end of January 2026.
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