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M&A Deal Summary

Frontera Energy Acquires Petroleos

On December 20, 2021, Frontera Energy acquired oil/gas exploration company Petroleos for 27M USD

Acquisition Highlights
  • This is Frontera Energy’s 5th transaction in the Oil/Gas Exploration sector.
  • This is Frontera Energy’s 2nd largest (disclosed) transaction.
  • This is Frontera Energy’s 2nd transaction in Colombia.

M&A Deal Summary
Date 2021-12-20
Target Petroleos
Sector Oil/Gas Exploration
Buyer(s) Frontera Energy
Deal Type Add-on Acquisition
Deal Value 27M USD

Target

Petroleos

Bogotá, Colombia
Petroleos is an energy company developing oil and gas exploration and production activities, with operations in Colombia. Petroleos focuses its activities on the exploitation of conventional deposits in mature and/or marginal fields through the application of the best primary and secondary recovery technologies, based on high operating standards. Petroleos is based in Bogotá, Colombia.

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Buyer(S) 1

Buyer

Frontera Energy

Calgary, Alberta, Canada
Category Company
Founded 1985
Sector Oil/Gas Exploration
Employees1,068
Revenue 1.1B USD (2024)
DESCRIPTION

Frontera Energy is an explorer and producer of crude oil and natural gas, with operations focused in Latin America. The Company has a diversified portfolio of assets with interests in more than 25 exploration and production blocks in Colombia and Peru. Frontera Energy was founded in 1985 and is based in Calgary, Alberta.

DEAL STATS #
Overall 5 of 5
Sector: Oil/Gas Exploration M&A 5 of 5
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Colombia M&A 2 of 2
Year: 2021 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-28 Petrominerales

Calgary, Alberta, Canada

Petrominerales Ltd. is a provider of oil/gas exploration services in Canada.

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