Frontera Announces Force Majeure on Block 192

Source: www.gulfoilandgas.com 3/9/2020, Location: South America

Frontera Energy Corporation announces an update on Block 192 in Peru. Following the grant of a six-month contract extension on the Block, force majeure has been declared and accepted by Perupetro S.A. as a result of a community blockade which has impacted the power supply to the operations within the Block. It is the Company's understanding that the blockade is related to the short-term contract extension and the prior consultation process related to a new long-term contract on the Block. The period of force majeure will be added to the end of the short-term contract. It is uncertain as to when the force majeure will be lifted. All production needed for the delivery of Peruvian cargoes for the first quarter of 2020 have been delivered to the port of Bayovar. So far in 2020 production from the Block has averaged 7,100 bbl/d.


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