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Herbert has worked for BP, Philips Petroleum, and Talisman Energy and has experience working in the oil sector in Colombia.

"The rating upgrade reflects Frontera's ability to stabilize its operational and financial performance," stated Fitch Ratings.

Eléctricas de Medellín – Ingeniería y S.A.S is the buyer in a cash deal for what Frontera Energy called a “non-core asset.”

The Frontera chairman called the move a “very strategic acquisition” that will support the firm’s push to reduce transportation costs.

From Pacific Rubiales to Pacific Exploration to Frontera Energy: Canadian oil company undergoes second rebrand in the past 22 months.