Oil and Gas Exploration and Production (E&P) in Colombia - Market Analysis, Competitive Landscape and Forecasts to 2020


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GlobalData

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Oil and Gas Exploration and Production (E&P) in Colombia Market Analysis, Competitive Landscape and Forecasts to 2020

Oil and Gas Exploration and Production (E&P) in Colombia Market Analysis, Competitive Landscape and Forecasts to 2020 is the latest report from GlobalData, the industry analysis specialist, which analyzes the exploration and production industry in Colombia. The report provides information on key sedimentary basins and key regulatory and fiscal regimes in the country. It also provides information about major exploration blocks in each basin, major discoveries, planned fields, active production fields and major exploration companies involved in each of the main basins. The report also covers the historic and forecast production from the country. The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalDatas team of industry experts.

Scope

  • This report provides detailed analysis of the oil and gas exploration and production activities in Colombia. The report primarily focuses on 
  • Major sedimentary basins, and information on the fiscal and regulatory regimes for hydrocarbon exploration and production in Colombia.
  • Key drivers and challenges in the oil and gas exploration and production sector in the country.
  • Major exploration blocks in each key basin.
  • Recent major discoveries and planned production fields in Colombia.
  • Historic and forecast production for oil and gas in Colombia.
  • Competitive landscape of the key companies engaged in exploration and production in Colombia.

Reasons to buy

  • The report will enhance your decision-making capability. It will allow you to 
  • Develop business strategies with the help of specific insights on the oil and gas exploration and production industry in Colombia.
  • Identify opportunities and challenges in this significant oil and gas market.
  • Understand the market positioning of the major E&P companies in Colombia. 
  • Increase future revenue and profitability with the help of insights on the future opportunities and critical success factors in the Colombian E&P market.
Table of Contents

1 Table of Contents
1 Table of Contents 3
1.1 List of Tables 4
1.2 List of Figures 5

2 Introduction 6
2.1 Overview 6
2.2 GlobalData Report Guide 6

3 Colombia - A Snapshot of its Oil and Gas Sector 7
3.1 Colombia is an Emerging Oil Producer from South and Central America 7
3.2 Colombia Recorded Two Billion Barrels of Proved Oil Reserves by the End of 2011 8
3.3 Key Drivers for the Growth of Colombias Oil and Gas Market 10
3.3.1 The Colombian Petroleum Sector has Attracted Substantial Foreign Direct Investment in Recent Years 10
3.3.2 Colombia is Witnessing Increasing Exploration Activities for Oil and Gas 11
3.3.3 Colombia to Offer Unconventional Oil and Gas Acreage for Bidding Under the 2012 Licensing Round 12

4 Colombia - Oil and Gas Regulatory Regime and Investment Activities 13
4.1 Fiscal Terms and Regulatory Regime 13
4.2 Colombia Has Emerged as an Active Destination for Mergers and Acquisitions in Oil and Gas Exploration and Production 14

5 Oil and Gas Exploration and Production in Colombia 17
5.1 Llanos Basin is the Epicenter for Exploration and Production Activities in Colombia 17
5.2 Colombia has Witnessed the Third Largest Numberof Oil and Gas Discoveries in the World Since 2007 19
5.3 Oil and Gas Production in Colombia has Increased with an Average Annual Growth of 12.8% Since 2007 20
5.3.1 Oil and Gas Production in Colombia is Estimated to Grow at an Average Annual Rate of 4.8% During 2012-2020 23

6 Oil and Gas Exploration and Production in Llanos Basin 24
6.1 Llanos Basin Has About 168 Exploration Blocks 24
6.2 Llanos Basin Has Witnessed Nine Oil and Gas Discoveries in 2012 (until July) 27
6.3 Llanos Basin is the Major Oil Producing Area in Colombia 29
6.4 Llanos Basin - Recent Updates 30

7 Oil and Gas Exploration and Production in Valle Medio Del Magdalena Basin 32
7.1 Valle Medio Del Magdalena Basin Has 33 Exploration Blocks 32
7.2 Valle Medio Del Magdalena Basin Has Witnessed Eight Oil and Gas Discoveries Since 2007 34
7.3 La Cira is the Most Active Oil Producing Field in Valle Medio Del Magdalena Basin 35
7.4 Valle Medio Del Magdalena Basin - Recent Updates 36

8 Oil and Gas Exploration and Production in Valle Superior Del Magdalena Basin 37
8.1 Valle Superior Del Magdalena Basin Has Over 50 Exploration Blocks 37
8.2 Twelve Discoveries Have Been Made in Valle Superior Del Magdalena Basin Since 2007 41
8.3 Guando is the Most Active Oil Producing Field in Valle Superior Del Magdalena Basin 42
8.4 Valle Superior Del Magdalena Basin - Recent Updates 43

9 Oil and Gas Exploration in Colombias Emerging Basins 44
9.1 Oil and Gas Exploration and Production in Caguan-Putumayo Basin 44
9.1.1 The Caguan-Putumayo Basin has 39 Exploration Blocks 44
9.1.2 Putumayo Basin Has Witnessed 14 Oil and Gas Discoveries Since 2007 45
9.1.3 Caguan-Putumayo Basin Has Been Witnessing Increasing Levels of Oil and Gas Production Since 2009 46
9.2 Oil and Gas Exploration and Production in Cordillera Oriental Basin 47
9.2.1 Cordillera Oriental Witnessed a Rapid Increase in Oil Production in 2011 49
9.3 Oil and Gas Exploration and Production in Valle Inferior Del Magdalena Basin 50
9.3.1 The Valle Inferior Del Magdalena Basin Has Witnessed Seven Discoveries Since 2007 51
9.3.2 Arianna is the Most Active Oil Production Field in the Valle Inferior Del Magdalena Basin 52

10 Major Oil and Gas Companies in Colombia - Competitive Landscape 53
10.1 Ecopetrol Participates in the Largest Number of Exploration Blocks in Colombia 53
10.2 Petrominerales Colombia Ltd Has Made the Largest Number of Discoveries in Colombia Since 2011 55
10.3 Ecopetrol Leads in Terms of Oil and Gas Production in Colombia 56
10.3.1 Pacific Rubiales is Emerging as a Strong Independent E&P Company in Colombia 58

11 Appendix 59
11.1 Market Definitions 59
11.2 Abbreviations 59
11.3 Bibliography 59
11.4 Methodology 60
11.4.1 Coverage 60
11.4.2 Secondary Research 61
11.4.3 Primary Research 61
11.4.4 Expert Panel Validation 61
11.5 Contact Us 61
11.6 Disclaimer 62

Table 1: Exploration and Production Sector, Colombia, Value and Number of M&A and Asset Transactions, $m, 2007-2012 (until July 15) 15
Table 2: Exploration and Production Sector, Colombia, Major M&A and Asset Transactions, 2007-July 15, 2012 15
Table 3: Oil and Gas Exploration Market, Colombia, Number of Oil and Gas Discoveries by Top Basins, 2007-2012 (August) 18
Table 4: Oil and Gas Exploration and Production, Colombia, Crude Oil and Natural Gas Production, MMboe, 2000-2011 20
Table 5: Oil and Gas Exploration and Production, Colombia, Crude Oil and Natural Gas Production, MMboe, 2012-2020 23
Table 6: Colombia, Llanos Basin, Top 10 Exploration Blocks Based on Acreages, Sq km, 2000-2011 24
Table 7: Llanos Basin, Major Companies with Gross Acreage, Acres, August 2012 27
Table 8: Oil and Gas Exploration and Production, Colombia, Major Discoveries in Llanos Basin, 2012 28
Table 9: Oil and Gas Exploration and Production, Colombia, Top 10 Fields in Llanos Basin Based on Production, MMboe, 2011 30
Table 10: Oil and Gas Exploration and Production, Colombia, Major Exploration Blocks in Valle Medio Del Magdalena Basin, Sq km, 2012 32
Table 11: Valle Medio Del Magdalena Basin, Major Companies with Gross Acreage, Acres, August 2012 33
Table 12: Oil and Gas Exploration and Production, Colombia, Major Fields in Valle Medio Del Magdalena Basin, MMboe, 2011 35
Table 13: Oil and Gas Exploration and Production, Colombia, Major Exploration Blocks in Valle Superior Del Magdalena Basin, Sq km, 2012 37
Table 14: Valle Superior Del Magdalena basin, Major Companies with Gross Acreage, Acres, August 2012 40
Table 15: Oil and Gas Exploration and Production, Colombia, Major Fields in Valle Superior Del Magdalena Basin, MMboe, 2011 43
Table 16: Oil and Gas Exploration and Production, Colombia, Major Blocks in Caguan-Putumayo Basin, 2011 44
Table 17: Oil and Gas Exploration and Production, Colombia, Major Discoveries in Caguan-Putumayo Basin, 2007-Present 45
Table 18: Colombia, Caguan-Putumayo Basin, Top 10 Fields Based on Oil and Gas Production, MMboe, 2011 47
Table 19: Oil and Gas Exploration and Production, Colombia, Major Blocks in Cordillera Oriental Basin, 2011 47
Table 20: Oil and Gas Exploration and Production, Colombia, Major Blocks in Valle Inferior Del Magdalena Basin, 2011 50
Table 21: Oil and Gas Exploration and Production, Colombia, Major Discoveries in Valle Inferior Del Magdalena Basin, 2007-2012 51
Table 22: Colombia, Valle Inferior Del Magdalena Basin, Major Fields by Oil and Gas Production, boe, 2011 52
Table 23: Oil and Gas Exploration and Production, Colombia, Major Companies by Participation, Number of Exploration Blocks, 2011 54
Table 24: Oil and Gas Exploration and Production, Colombia, Major Companies by Crude Oil and Natural Gas Production, MMboe, 2011 56
Figure 1: Oil and Gas Industry, Colombia, Proved Oil Reserves, billion bbl, 2006-2011 8
Figure 2: Oil and Gas Industry, Colombia, Proved Natural Gas Reserves, bcm, 2006-2011 9
Figure 3: Oil and Gas Industry, Colombia, Foreign Direct Investments in the Petroleum Sector*, $bn, 2005-2010 10
Figure 4: Oil and Gas Industry, Colombia, Exploratory Wells Drilled and Technical Success Rate, %, 2002-2011 11
Figure 5: Oil and Gas Industry, Colombia, Locations of Unconventional Acreage in the 2012 Licensing Round 12
Figure 6: Exploration and Production Sector, Colombia, Value and Number of M&A and Asset Transactions, $m, 2007-2012 (until July 15) 14
Figure 7: Oil and Gas Exploration and Production, Colombia, Map of Major Tectonic Domains, 2012 17
Figure 8: Oil and Gas Exploration Market, Global, Top Countries by Oil and Gas Discoveries, 2007-2012 (August) 19
Figure 9: Oil and Gas Exploration and Production, Colombia, Crude Oil and Natural Gas Production, MMboe, 2000-2011 20
Figure 10: Oil and Gas Exploration and Production, Colombia, Share of Light Oil, Heavy Oil and Natural Gas in Production, %, 2011 21
Figure 11: Oil and Gas Exploration and Production, Colombia, Contribution of Basins in Production, %, 2011 22
Figure 12: Oil and Gas Exploration and Production, Colombia, Crude Oil and Natural Gas Production, MMboe, 2012-2020 23
Figure 13: Oil and Gas Exploration and Production, Colombia, CPE 3 Block Location Map, 2012 25
Figure 14: Oil and Gas Exploration and Production, Colombia, CPE 8 Block Location Map, 2012 26
Figure 15: Oil and Gas Exploration and Production, Colombia, Number of Discoveries in Llanos Basin, 2007-2012 (July) 27
Figure 16: Oil and Gas Exploration and Production, Colombia, Oil Production in Llanos Basin, MMbbl, 2009-2012* 29
Figure 17: Oil and Gas Exploration and Production, Colombia, Number of Discoveries in Valle Medio Del Magdalena Basin, 2007-2010 34
Figure 18: Oil and Gas Exploration and Production, Colombia, Oil Production in Valle Medio Del Magdalena Basin, MMbbl, 2009-2012* 35
Figure 19: Oil and Gas Exploration and Production, Colombia, VSM 9 Block Location Map, 2012 38
Figure 20: Oil and Gas Exploration and Production, Colombia, VSM 12 and VSM 13 Blocks Location Map, 2012 39
Figure 21: Oil and Gas Exploration and Production, Colombia, Number of Discoveries in Valle Superior Del Magdalena Basin, 2007-Present 41
Figure 22: Oil and Gas Exploration and Production, Colombia, Oil Production from Valle Superior Del Magdalena Basin, MMbbl, 2009-2012* 42
Figure 23: Oil and Gas Exploration and Production, Colombia, Tacacho and Terecay Blocks Location Map, 2012 45
Figure 24: Oil and Gas Exploration and Production, Colombia, Oil Production in Caguan-Putumayo Basin, MMbbl, 2009-2012* 46
Figure 25: Oil and Gas Exploration and Production, Colombia, Muisca Block Location Map, 2012 48
Figure 26: Oil and Gas Exploration and Production, Colombia, Oil Production in Cordillera Oriental Basin, MMbbl, 2009-2012* 49
Figure 27: Oil and Gas Exploration and Production, Colombia, Valle Inferior Del Magdalena Basin, Oil Production, MMbbl, 2009-2012* 52
Figure 28: Oil and Gas Exploration and Production, Colombia, Major Companies by Participation, Number of Exploration Blocks, 2011 53
Figure 29: Oil and Gas Exploration and Production, Colombia, Number of Exploration Blocks of Companies, 2006-2011 54
Figure 30: Oil and Gas Exploration and Production, Colombia, Major Companies by Number of Discoveries, 2011-2012 (August) 55
Figure 31: Oil and Gas Exploration and Production, Colombia, Major Companies by Oil and Gas Production, MMboe, 2011 56
Figure 32: Oil and Gas Exploration and Production, Colombia, Major Companies by Crude Oil and Natural Gas Production, MMboe, 2006-2011 57