Frontera suspends work at Colombia oilfield after attacks: Reuters
Canada’s Frontera Energy Corp has suspended operations at its Cubiro oilfield in northeastern Colombia after threats and attacks against workers, Reuters reported. Protests, attacks by National Liberation Army (ELN) rebels and community and judicial efforts to ban extractive industries are widely considered the top threats to Colombia’s oil industry. Frontera, formerly known as Pacific Exploration & Production Corp, is a portfolio company of Canadian private equity firm Catalyst Capital Group. The company closed a US$500 million restructuring deal with Catalyst and other creditors in 2016.
5 February 2018•2 mins read
