1. OIL GOODS AND SERVICES
COLOMBIA
IN THE WORLD
Colombia is one of the top twenty oil-producing
countries, with a production of over a million
barrels of oil a day. (BP Statistical Review of World Energy
2014 workbook).
The country is established as the third largest oil
producer in South America, producing more oil
than countries like Argentina, Ecuador, Peru and
Chile. (BP Statistical Review of World Energy 2014 workbook).
Ecopetrol estimates the potential Colombian
reserves at a total of 47 billion barrels.
GROWTH, CONFIDENCE AND
OPPORTUNITIES TO INVEST
Libertad y Orden

2. OIL PRODUCTION
2000-2013
COLOMBIA HAS BROAD POSSIBILITIES
FOR EXPANDING ITS OIL SECTOR
In 2013, 115 oil wells were drilled in the country.
Over the last four years, the number of wells has
increased by 13.3% on average.
In2013,oilaccountedfor9.3%ofColombia’sGDP.
(DANE,2014).
Crude oil production has increased by an average
of 8.6% over the last three years (2011 - 2013).
Colombia currently has potential reserves
calculated at 47 billion barrels of oil, and based on
UPME(UnidadAdministrativaEspecialdelordenNacional
[National Special Administrative Unit]) projections for
the next 18 years, it is expected that oil reserves in
the country will increase via:
In the first half of 2014 the country achieved a
total production of 177.6 MBI. (UPME,2014).
The oil sector in Colombia receives 30% of the FDI
in the country (Foreign Direct Investment - data from
2013,CentralBank,2014).
The oil sector in Colombia receives 30% of the
Foreign Direct Investment in the country. (Central
Bank,2014).
VENEZUELAPERUBRAZIL ECUADORARGENTINA COLOMBIA SOURCE: BP ENERGY OUTLOOK 2012, IEA 2013.
Secondary recovery: increase in secondary
recoveryfrom16%to30%.
Newfindingsinheavycrudeoil.
Improvementsinnon-conventionalfields.
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
3,500
2,500
1,500
3,000
2,000
1,000
500
4,000

3. The country is preparing to begin
exploring offshore deposits with
great potential in the Pacific and
Atlantic Oceans.
The local market is favorable for the
entrance of large, small and medium-
sized companies that can satisfy special
needs arising across the productive
and distributive chain.
In 2013, the Cartagena de Indias
refinery started operations with a
capacity of 165,000 BPD. Along with
the modernization project at the
Barrancabermeja refinery, the demand
for goods and services related to the
industry will increase.
Excellent geographic location with
departures on both the Pacific and
Atlantic Ocean, covering all global markets.
COLOMBIA OFFERS A VARIETY
OF OPPORTUNITIES IN VARIOUS REGIONS
Colombia currently has approximately
8,000 km of oil pipelines. The aim of
the new expansion projects is to double
the installed capacity (approximately
9,000 km between oil pipelines and
multipurpose pipelines and 3,774 km
of gas pipelines).
Colombia has the potential to extract
non-conventional hydrocarbons.

4. ANDEAN REGION
ORINOQUIA REGION
AMAZON REGION
CARIBBEAN REGION
• Santander: the fourth largest producer of crude oil in the country in 2013
with 55,167 BCD. It has 9 companies established within it and the most
important refinery in the country, Barrancabermeja.
• Huila: in 2013 it was the seventh largest producer of crude oil in Colombia
with an average production of 34,559 BCD. Strategically positioned as a
regional center of operations for services for neighboring departments such
as Caqueta and Valle.
• Cundinamarca: Bogota has been positioning itself as a hub for the oil and
gas services industry in the country and in the region.
• Meta: in 2013 it was ranked as the main producer of crude oil in Colombia,
withanaverageproductionof510,143BCD.Ithas10companiesestablished
within it, among which Campo Rubiales and Quifa stand out.
• Casanare: in 2013 it was the second highest crude oil producing department
in the country with 177,246 BCD produced (the biggest production well
is Pauto Sur Piedemonte). The Cusiana - Cupiagua and Rancho Hermoso
production wells are especially noteworthy, demanding (maintenance)
services throughout the entire productive chain.
• Arauca:thethirdlargestproducerofcrudeoilinthecountrywith60,334BCD
in 2013. It has one of the oldest production oil wells in the country, Caño-
Limón, which has produced over 1 billion barrels of oil since its inception.
• Putumayo: the fifth largest producer of crude oil in the country, with an average of 48,042 BCD produced
in 2013. It is strategically positioned as a regional center of operations for services for operations in
border zones with Ecuador and Peru.
• Bolivar: in 2013 Bolivar produced 15,689 BCD. The Cartagena refinery is planning to increase its crude oil
processing capacity from 80,000 to 165,000 BCD for 2014.

5. COLOMBIA: A KEY COUNTRY FOR
THE EXPANSION OF OIL GOODS AND SERVICES
55% of all Colombian exports during 2013 were accounted
for by petroleum and its derivatives.
More than 50% of Colombian territory still has not been
explored. There is the possibility of additional discoveries
in fields such as Cusiana, Cupiagua, Caño Limón, La Cira-
Infantas and Chuchupa-Ballena. All these have proven
reserves of more than a million barrels of oil.
The country’s current priority is to increase the level of its
proven crude oil reserves. 115 oil wells were drilled in the
country in 2013. Over the last four years, the number of
wells has increased by 13.3%, on average.In the 2014 Round led by the Agencia Nacional de
Hidrocarburos [National Hydrocarbon Agency] (ANH), 26
blocks were offered for exploration and exploitation with an
investment of USD 1.4 billion, counting both off-shore and
continental areas. (Portafolio).
Colombia has potential reserves of 19 trillion cubic feet
of hydrocarbons in shale deposits, an encouraging figure
compared with its conventional reserves for natural gas,
which amount to 6 trillion cubic feet.
In 2014, 570 new exploratory wells are expected to be drilled.
(Ministry of Mines and Energy).
In 2014, the capacity for pipeline transportation is projected
to increase to a total of 1,450,000 BPD, as compared with
its current capacity of 980,000 BPD. The goal is to grow the
transportation capacity by 35% over the next two years.
(CENIT [Ecopetrol subsidiary], 2013).

6. Colombia has attracted large global oil companies such as:
Additionally, large oil goods and services companies also have a presence, such as:
KERUI GROUP, CHINAWEATHERFORD, U.S.A.SCLUMBERGER, FRANCE
PETROMINERALES,
CANADA
SINOPEC, CHINA
PACIFIC RUBIALES,
CANADA
PETROBRAS, BRAZIL
OCCIDENTAL
PETROLEUM CO,
U.S.A.
HALLIBURTON, U.S.A. BAKER HUGHES, U.S.A.
LARGE TRANSNATIONALS HAVE CHOSEN
COLOMBIA FOR THEIR OPERATIONS
ECOPETROL,
COLOMBIA.
CANACOL, CANADA
TALISMAN, CANADA
SINOCHEM, CHINA
ONGC, INDIA