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Frontera Announces an Update on Block 192 in Peru

Source: www.gulfoilandgas.com 12/3/2018, Location: South America

Frontera Energy Corporation (FEC) ("Frontera") announces an update on Block 192 in Peru ("Block 192").

On November 30, 2018, the Company was notified by Petroperu S.A. ("Petroperu"), the operator of the NorPeruano pipeline, of a force majeure event affecting a portion of the pipeline as a result of an attack at Kilometer 193 in the Morona district following a community dispute. The pipeline has been shut down by Petroperu as a result of damage caused by the attack. As a result, Frontera has started to shut down production from Block 192, located over 200 kilometers from the site of the incident, while the authorities work to resolve the dispute and provide Petroperu access to the pipeline for repairs. It is expected that once access is granted, repairs will be completed in a short time. Recent net production from Block 192 has averaged about 8,950 bbl/d. The Company will provide an update to the market once production from the block resumes.



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