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Gran Tierra Energy buys Ecuador oil assets for $15.55 million, adding 2,000 barrels daily.
Gran Tierra Energy Inc. has agreed to buy oil assets in Ecuador's Oriente Basin from GeoPark and Frontera Energy for $15.55 million, pending regulatory approval.
The deal includes the Perico and Espejo Blocks, adding about 2,000 barrels of oil production daily.
Gran Tierra sees this as an expansion of its operations, with potential for further discoveries and synergies with its nearby Iguana Block.
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Gran Tierra Energy compra activos petroleros de Ecuador por 15.55 millones de dólares, añadiendo 2.000 barriles diarios.