Parex Becomes Colombia’s Top Private Oil Firm With $750m Frontera Deal

COLOMBIA · BUSINESS Key Facts —Deal closed: Parex completed its purchase of Frontera Energy’s Colombian exploration-and-production assets for a firm value of about $750m. —New ranking: The deal makes Parex the largest private oil producer in Colombia, after state-controlled Ecopetrol. —What it gets: About 37,000 barrels a day of output, plus more than 7.9 million […] The post Parex Becomes Colombia’s Top Private Oil Firm With $750m Frontera Deal appeared first on The Rio Times .