INVEST IN
OIL GOODS AND
SERVICES SECTOR
COLOMBIA IN THE WORLD
Colombia is within the top 20 oil producing countries,
produ...
OIL PRODUCTION 2000-2013
3,500
3,000
2,500
2,000
1,500
1,000
500

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2...
INVESTMENT OPPORTUNITIES IN OIL GOODS AND SERVICES
Colombia has a reserve potential of 47 billion of barrels of oil and th...
INVESTMENT OPPORTUNITIES BY REGIONS
1. ANDEAN REGION
•	Santander: Fourth oil producer with 53,437 BPD. From the Ronda Colo...
Business Network
Due to the increase of oil production over the last years, the investment level from different companies ...
IMPORTANT COMPANIES HAVE CHOSEN
COLOMBIA AS THEIR INVESTMENT DESTINATION

RELATED ENTITIES
•	 National Hydrocarbons Agency...
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Invest in Oil Goods and Services Sector

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Invest in Oil Goods and Services Sector

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Invest in Oil Goods and Services Sector

  1. 1. INVEST IN OIL GOODS AND SERVICES SECTOR COLOMBIA IN THE WORLD Colombia is within the top 20 oil producing countries, producing over one million barrels of oil. International Energy Agency, 2013. Colombia has become the fourth largest oil producer in Latin America surpassing Argentina, Ecuador, Peru, and Chile. International Energy Agency, 2013. BP, 2012. In 2012, Ecopetrol became one of the leading companies worldwide, ranking as the sixth in the world by market capitalization. Bloomberg, 2012. L ib erta y O rd e n
  2. 2. OIL PRODUCTION 2000-2013 3,500 3,000 2,500 2,000 1,500 1,000 500 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 JUN. 2013 Venezuela Peru Brazil Ecuador Argentina Colombia Source: BP Energy Outlook 2012, IEA, 2013. CURRENT SECTOR SITUATION • Oil accounted for 6% of Colombian GDP in 2012. DANE, 2012. • The investment in the oil sector accounts for 37% of FDI received in the country. Central Bank, 2013. • There was an increase of 77% of daily oil production from 2007 to 2012. ANH, 2012. • The Government goals for 2014 include to explore more than 570 wells and to have more than 204 contracts of E&P. Mines and Energy Ministry. • Leaded by National Agency of Hydrocarbons (ANH), the Ronda Colombia 2012 presented positive results after the awarding of 50 blocks, five related to nonconventional hydrocarbons and six to offshore fields which will represent US$2,600 million in exploring investment in the medium run.
  3. 3. INVESTMENT OPPORTUNITIES IN OIL GOODS AND SERVICES Colombia has a reserve potential of 47 billion of barrels of oil and the PUME1 projections for the next 18 years leads to the increase in the oil reserves of the country through: • Secondary recuperation: Increase of secondary recuperation going from 16% to 30% • Heavy crude findings • New improvements in nonconventional fields This scenario creates new investment opportunities in the different stages of the value chain through: • • • • Strategic alliances with local oil goods and services companies New companies creation Mergers and acquisitions Greenfield projects THE HYDROCARBONS INDUSTRY IN COLOMBIA CURRENTLY HAS THE POTENTIAL TO DEVELOP: 1. Upstream: Exploration and Production 2. Downstream: Transport and Storage -- Field geology, seismic, and prospective -- Hydraulic fracturing and stimulation well services companies -- Technologies in recovery activities -- Technologies in discovery and recuperation of heavy crude -- Stimulation (hydraulic fracturing) well services -- Drilling companies -- Production or import of propante (a fracture sand which comes from mining fields and is used in fracturing oil fields) -- Water injection plants -- Water treatment plants -- Reciprocating and centrifugation injection pumps -- Chemical treatment for the production phase -- Records and drilling shots -- Oil transport infrastructure -- Development of new capacity for hydrocarbons storage -- Logistic services and construction of offshore platforms -- Handling oil field abandonment -- Development and construction of oil and gas tanks 3. Other services -- Electric power generation with gas for wells Source: BP Statistical Review of World Energy, January, 2012. 1. Planning Unit for the Mining and Energy Sector.
  4. 4. INVESTMENT OPPORTUNITIES BY REGIONS 1. ANDEAN REGION • Santander: Fourth oil producer with 53,437 BPD. From the Ronda Colombia 2012, 5 blocks were awarded. It has the biggest refinery of the country located in Barrancabermeja. • Huila: Sixth oil producer with 36,222 BPD. From the Ronda Colombia 2012, one block was awarded. • Cundinamarca: Oil production of 772 BPD. From the Ronda Colombia 2012, one block was awarded. 3. 2. ORINOQUIA REGION • Meta: Biggest oil producer in Colombia (461,816 BPD). From the Ronda Colombia 2012, 8 blocks were awarded. • Casanare: Second oil producer with 166,847 BPD. From the Ronda Colombia, 7 blocks were awarded. • Arauca: Third oil producer with 69,193 BPD. From the Ronda Colombia 5 blocks were awarded. 3. CARIBBEAN REGION • Bolivar: Oil production of 15,378 BPD. From the Ronda Colombia 2012 one block was awarded. It has the presence of the second most important refinery in Cartagena. 4. AMAZON REGION • Putumayo: Seventh oil producer with 35,055 BPD. From the Ronda Colombia 2012, 5 blocks were awarded. 4. 1. 2.
  5. 5. Business Network Due to the increase of oil production over the last years, the investment level from different companies has been growing inside the country. Here, we can see the top producing companies in Colombia. • Ecopetrol, Colombia. 361.1 Kbpd • Equión Energía, Colombia. 41.8 Kbpd • Gran Tierra Energy, Canada. 361.1 Kbpd • Mansarovar, China, India. 41.8 Kbpd • Pacific Rubiales Energy, Canada. 267.8 Kbpd • Petrobras, Brazil. 24.1 Kbpd • Cepcolsa, Spain. 30.1 Kbpd • Occidental Petroleum Co, United States. 60.2 Kbpd • Hocol, Colombia. 361.1 Kbpd • Perenco Colombia, United Kingdom. 17.8 Kbpd Source: Ministry of Mines and Energy of Colombia, 2013.
  6. 6. IMPORTANT COMPANIES HAVE CHOSEN COLOMBIA AS THEIR INVESTMENT DESTINATION RELATED ENTITIES • National Hydrocarbons Agency (ANH): The ANH is the authority responsible of promoting the optimal use of the oil resources, comprehensively managing them and harmonizing the interests among the society, the national Government, and the companies. • Halliburton, U.S.A.: The Company arrived in Colombia in 1943 and offers general provision of services for the oil industry. • Baker Hughes, U.S.A.: The Company offers services related to the oil sector. • Schlumberger, France: The Company offers technical services directly related to oil exploration and exploitation. Schlumberger arrived in Colombia in 1938. • Campetrol: The association brings together domestic and foreign companies that offer oilfield services. Their role is to facilitate the identification of common problems of companies, seek solutions, ensure subsector strengthening of goods, services, and supplies to benefit the country. • Proexport: Colombia’s entity in charge of the promotion of international tourism, foreign direct investment, and nontraditional exports.

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