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Frontera Energy Corp T.FEC

Alternate Symbol(s):  FECCF

Frontera Energy Corporation is a Canada-based oil and gas company. The Company is involved in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets with interests in 27 exploration and production blocks in Colombia, Ecuador, and Guyana, and pipeline and port facilities in Colombia. The Company’s segments include Colombia, Ecuador, Guyana, Midstream Colombia, and Canada & Others. Colombia includes all upstream business activities of exploration and production in Colombia. Ecuador includes all upstream business activities of exploration and production in Ecuador. Guyana includes exploration and infrastructure. Midstream Colombia includes the Company’s investments in pipelines, storage, port, and other facilities relating to the distribution and exportation of crude oil products in Colombia.


TSX:FEC - Post by User

Post by Kelvinon Oct 30, 2024 7:31am
74 Views
Post# 36288238

Frank

FrankJust to point out the amount of associated gas that XOM processes. Yellowtail, slated to come on line next year 2025 built an FPSO that'll process 250,000 bbl oil per day,  450 million cubic feet of gas per day and with storage capacity of 2 million barrels. It will bring Guyana XOM output up to 900,000 bbl per day. I wonder if the oil markets are already pricing in this new supply in the futures market.

Also another article says that Total/APA having already FID'd the Granmorgu project in Suriname for $10.5 billion has said that the associated gas potential is enormous. Suriname is currently in talks with Guyana exploring ways to jointly develop their hydrocarbon reserves since the hydrocarbon fields abut each other. 

So lots is happening in the Guyana Basin with much more about to happen. Anyway here's the Yellowtail link: 
https://oilnow.gy/featured/one-of-the-largest-investments-in-guyanas-history-on-track-for-2025-start-up/

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