Oil & Money 2012
Agencia Nacional de Hidrocarburos
COLOMBIA
Orlando Cabrales Segovia
President
London, November 2012
2
Equivalent oil production in
Colombia
Annual average
Thousand barrels of oil equivalent per day
Oil Gas
525 529 531
588
...
3
Signed contracts
Year TEA E&P Total
2005 28 31 59
2006 12 32 44
2007 10 44 54
2008 16 43 59
2009 6 58 64
2010 1 7 8
2011...
4
Seismic acquisition
0
5,000
10,000
15,000
20,000
25,000
2005 2006 2007 2008 2009 2010 2011 2012
Oct
Onshore Offshore ANH...
5
Exploratory wells drilled
35
56
70
99
75
112
126
103
150
121
173
0
20
40
60
80
100
120
140
160
180
200
2005 2006 2007 20...
6
Reserves
Oil Gas
1.542
1.478
1.453
1.510
1.358
1.668
1.988
2.058
2.259
1.000
1.200
1.400
1.600
1.800
2.000
2.200
2.400
2...
7
Foreign Direct Investment
2nd quarter
Source: Banco de la República
1.125
1.995
3.333 3.405
2.428
2.781
5.083
3.358
0.00...
8
Colombian Round 2012
• Consolidation of the interest in the
Colombian Caribbean.
• The beginning of Unconventional
devel...
9
Colombia offers good business opportunities
• A prolific geology.
• A good business environment.
• A tradition of contra...
10
Thank you !
www.anh.gov.co
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Orlando Cabrales uncovers Colombia's energy transition at Oil & Money Conference 2012

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At the 2012 Oil & Money Conference, the industry heard invaluable insight into Colombia's energy transition from Agencia Nacional de Hidrocarburos's President Orlando Cabrales.

This year we are delighted to have the new President Germán Arce Zapata of Agencia Nacional de Hidrocarburos in our session on 'Exploration and Production', President Zapata joins Ayman Asfari, Group Chief Executive, Petrofac to share their expertise on this vital industry topic. Join them to discuss and debate the crucial issues facing the international energy sector at Oil & Money Conference 2013 this October at the InterContinental London Park Lane. For more information visit http://www.oilandmoney.com

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Orlando Cabrales uncovers Colombia's energy transition at Oil & Money Conference 2012

  1. 1. Oil & Money 2012 Agencia Nacional de Hidrocarburos COLOMBIA Orlando Cabrales Segovia President London, November 2012
  2. 2. 2 Equivalent oil production in Colombia Annual average Thousand barrels of oil equivalent per day Oil Gas 525 529 531 588 671 785 915 938 114 119 128 153 178 191 186 203 2005 2006 2007 2008 2009 2010 2011 2012 October kboed 639 648 659 741 849 976 1.101 1.141
  3. 3. 3 Signed contracts Year TEA E&P Total 2005 28 31 59 2006 12 32 44 2007 10 44 54 2008 16 43 59 2009 6 58 64 2010 1 7 8 2011 9 67 76 2012 - 3 3 TEA: Technical Evaluation Agreement E&P: Exploration and Production contract 45 45 45 0 10 20 30 40 50 60 70 80 90 100 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 ANH Goal PND Goal TEA E&P No. contractsNo. contractsNo. contractsNo. contracts 60
  4. 4. 4 Seismic acquisition 0 5,000 10,000 15,000 20,000 25,000 2005 2006 2007 2008 2009 2010 2011 2012 Oct Onshore Offshore ANH Goal KM of 2D Seismic Equivalent 11.896 26.491 9.970 16.286 20.117 25.965 23.963 Goal: ~18.000 15.500
  5. 5. 5 Exploratory wells drilled 35 56 70 99 75 112 126 103 150 121 173 0 20 40 60 80 100 120 140 160 180 200 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Exploratory wells drilled ANH Goal Number of exploratory wells drilled
  6. 6. 6 Reserves Oil Gas 1.542 1.478 1.453 1.510 1.358 1.668 1.988 2.058 2.259 1.000 1.200 1.400 1.600 1.800 2.000 2.200 2.400 2003 2005 2007 2009 2011 Million barrels Proven 6.7 7.2 7.5 7.3 7.1 7.3 8.5 7.1 6.6 4.0 4.2 4.0 4.3 3.7 4.4 4.7 5.4 5.5 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 2003 2005 2007 2009 2011 Tera cubic feet Total Proven
  7. 7. 7 Foreign Direct Investment 2nd quarter Source: Banco de la República 1.125 1.995 3.333 3.405 2.428 2.781 5.083 3.358 0.000 1.000 2.000 3.000 4.000 5.000 6.000 7.000 2005 2006 2007 2008 2009 2010 2011 2012 Million USD
  8. 8. 8 Colombian Round 2012 • Consolidation of the interest in the Colombian Caribbean. • The beginning of Unconventional developments. • 43% of total blocks offered were granted. • 2.6 billion dollars: estimated investment for the following 4 years. • Production percentage between 1% - 34%.
  9. 9. 9 Colombia offers good business opportunities • A prolific geology. • A good business environment. • A tradition of contractual stability. • A competitive institutional framework. • Competitive fiscal and economic terms. • Transparent rounds. • Freedom for O&G marketing overseas. • Opportunity cost will be covered to natural gas exporters whenever there are interruptions due to internal needs.
  10. 10. 10 Thank you ! www.anh.gov.co

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