CALGARY, ALBERTA (By Frontera, 13.Nov.2025, Words: 871) — Frontera Energy Corporation provided details around its upstream onshore operations in Colombia, its exploration assets in Colombia as well as infrastructure and other developments.
Colombia upstream onshore
Frontera produced 38,934 boe/d from its Colombian operations in the third quarter (consisting of 27,078 bbl/d of heavy crude oil, 9,235 bbl/d of light and medium crude oil, 4,406 mcf/d of conventional natural gas and 1,848 boe/d of natural gas liquids).
The company drilled 16 development wells primarily at the Quifa and CPE-6 blocks and completed well interventions at 7 others during the quarter.
Currently, the company has 1 drilling rig and 1 well intervention rigs active in Colombia.
Quifa Block: Quifa SW and Cajua
At Quifa, production averaged 17,586 bbl/d of heavy crude oil (including both Quifa and Cajua) in the third quarter compared to 17,576 bbl/d during the previous quarter. The company invested in facility expansion and the installation of new flow lines in the Cajua field, in the Quifa block to support new well production and the SAARA connection.
During the quarter, the company processed approximately 1.78 million barrels of water per day in Quifa including SAARA.
CPE-6
At CPE-6, production averaged approximately 7,710 bbl/d of heavy crude oil during the third quarter, compared to 7,771 bbl/d during the second quarter of 2025.
During the quarter, the company invested in the expansion of crude oil storage capacity and the implementation of new field production technologies.
The company processed approximately 357 thousand barrels of water per day in CPE-6 in the third quarter of 2025. The company’s current water handling capacity in CPE-6 is approximately 380 thousand barrels of water per day.
Other Colombia developments
At Guatiquia, production during the quarter averaged 5,145 bbl/d of light and medium crude compared with 5,385bbl/d in the second quarter of 2025.
In the Cubiro block production averaged 981 bbl/d of light and medium crude oil during quarter compared with 1,057 bbl/d in the second quarter of 2025.
At VIM-1 (Frontera 50% W.I., non-operator), production averaged 2,187 boe/d of light and medium crude oil during the third quarter compared to 1,960 boe/d of light and medium crude oil in the second quarter of 2025.
At the Sabanero block, production averaged 1,781 boe/d of heavy oil crude production during the third quarter compared to 2,189 boe/d in the second quarter of 2025.
Colombia exploration assets
The company’s exploration focus during the third quarter remained on the Lower Magdalena Valley and Llanos Basins in Colombia.
At the VIM-1 block, activities related to the Guapo-1 exploration well are ongoing. Civil works have been completed, and the well was spudded in October 16, 2025. At the Llanos-119 block, the Colombian National Hydrocarbon Agency (ANH) approved the request to transfer commitments to VIM-46 block to acquire a 3D seismic survey. In addition, the company is engaged in pre-seismic and pre-drilling activities related to social and environmental studies in the Llanos-99 and VIM-46 blocks.
Infrastructure Colombia
Frontera’s Infrastructure Colombia segment includes the company’s 35% equity interest in the ODL pipeline through Frontera’s wholly owned subsidiary, FPI and the company’s 99.97% interest in Puerto Bahia. Beginning in 2024, the Infrastructure Colombia segment also includes the company’s reverse osmosis water treatment facility (SAARA) and its palm oil plantation (ProAgrollanos).
Frontera’s and its partner GASCO, announced that the partners had reached a final investment decision on its planned LPG project. The initial phase of the project is being fast-tracked and expected to be operational in the first half of 2026. supporting the challenges in Colombia’s domestic LPG market. The LPG project will generate between $10mn and $15mn in yearly project EBITDA once it reaches its target capacity. The company continues to pursue strategic investment opportunities to maximize the port’s infrastructure and drive long-term value creation.
The Reficar connection’s construction was completed, and the Port’s efforts have shifted to working together with Ecopetrol to start utilizing the connection and establishing Puerto Bahia as a strategic partner for the Reficar Refinery.
Infrastructure Colombia segment results
Adjusted Infrastructure EBITDA in the third quarter of 2025 was $30.4mn, compared with $27.1mn during the second quarter of 2025. ODL saw strong quarter over quarter volume increase and EBITDA, led by an increase in production associated with Ecopetrol’s Caño Sur block.
Puerto BahĂa’s operating EBITDA was relatively flat quarter over quarter despite a reduction in liquids associated to a third-part trader’s exit from the country. The financial impact of the reduced liquids throughput volumes was offset entirely by a strong performance from general cargo operations, which saw strong growth in container volumes, that surpassed 3,000 TEUs in Sep. 2025.
On the SAARA side, the company continued to increase water management volumes reaching an average of 156,767 barrels of water per day for the quarter. The company achieved maximum throughput capacity of 230,000 barrels of water per day, gaining momentum towards its goal of 250,000 barrels per day.
Segment capital expenditures for the 3 months ended 30 Sep. 2025, totaled $4.8mn primarily driven by Puerto Bahia investments of $3.9mn, including: (i) $4.6mn towards the connection project between Puerto Bahia’s port facility and the Cartagena refinery, (ii) tank maintenance, and (iii) general cargo terminal facilities. The third quarter also includes investment in the SAARA project and palm oil plantation.
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