Colombia Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020
GlobalData, June 2009, Pages: 153
Colombia Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020
Summary
This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Colombia Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Colombia Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020. The report also analyses the fiscal regime relevant to the natural gas assets in Colombia Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 and compares the investment environment in Colombia Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 with other countries in the region. The profiles of the major companies operating in the natural gas sector in Colombia Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 together with the latest news and deals are also included in the report.
Scope
- Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1995-2020.
- Historical and forecast data and information for all the major gas fields, LNG Terminals, pipelines and underground gas storage facilities in Colombia Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
- Operator and equity details for major natural gas assets in Colombia Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020
- Key information relating to market regulations, key energy assets and the key companies operating in the Colombia Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020’s energy industry.
- Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
- Information on the top companies in the Colombia Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 including business description, strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.
Reasons to buy
- Gain a strong understanding of the country’s energy market.
- Facilitate market analysis and forecasting of future industry trends.
- Evaluate the attractiveness of the geography for gas investment in the light of government policies and the fiscal environment.
- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
- Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream gas assets.
- Assess your competitor’s major natural gas assets and their performance.
- Analyze the latest news and financial deals in the gas sector of each country.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies in the country.
1 2
1.1 List of Tables 8
1.2 List of Figures 10
2 Colombia Energy Sector 11
2.1 Colombia Energy Sector, Market Overview 11
2.2 Colombia Energy Sector, Natural Gas 12
2.2.1 Colombia Natural Gas, Overview 12
2.2.2 Colombia Natural Gas, Supply and Demand Balance 12
2.2.3 Colombia Natural Gas, Regulatory Structure 16
2.2.4 Colombia Natural Gas, Infrastructure 16
3 Colombia Petroleum Fiscal Regime 17
3.1 Colombia Petroleum Fiscal Environment 17
3.2 License Terms 17
3.3 Key Fiscal Terms 18
3.4 Sample Cashflows Calculations 22
4 Colombia Gas Upstream Investment Environment Benchmarking 23
4.1 Introduction 23
4.2 The Overall Ranking 23
4.3 Upstream Fiscal Attractiveness 24
4.3.1 Maximum Government Take Index 25
4.3.2 Maximum State Participation Index 25
4.3.3 Domestic Market Obligation Index 25
4.4 Gas Sector Performance 26
4.4.1 Exploration Activity 28
4.4.2 Gas Production 29
4.4.3 Gas Reserves 29
4.4.4 Gas Consumption 30
4.5 Economic Performance 30
4.5.1 GDP Growth Index 32
4.5.2 FDI Confidence Index 32
4.5.3 Balance of Trade Index 32
4.6 Socio-Political Performance 32
4.6.1 Democracy Index 34
4.6.2 Governance Index 34
5 Colombia Exploration and Production Sector 35
5.1 Colombia Exploration and Production Sector, Country Snapshot 35
5.1.1 Colombia Exploration and Production Sector, Key Data 35
5.1.2 Colombia Exploration and Production Sector, Natural Gas Assets Map 35
5.2 Colombia Exploration and Production Sector, Marketed Natural Gas Production 36
5.2.1 Colombia Exploration and Production Sector, Marketed Natural Gas-Historical Production 36
5.2.2 Colombia Exploration and Production Sector, Marketed Natural Gas Production by Assets 37
5.2.3 Colombia Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 38
5.2.4 Colombia Exploration and Production Sector, Market Share (%) based on Marketed Natural Gas Production 40
5.3 Colombia Exploration and Production Sector, Marketed Natural Gas Forecasts 41
5.3.1 Colombia Exploration and Production Sector, Marketed Natural Gas Forecasted Production 41
5.3.2 Colombia Exploration and Production Sector, Gross Revenue Forecast 41
5.3.3 Colombia Exploration and Production Sector, Government Take Forecast 42
5.3.4 Colombia Exploration and Production Sector, Contractor Take Forecast 42
5.4 Colombia Exploration And Production Sector, Natural Gas Asset Details 43
5.4.1 Colombia Exploration And Production Sector, Active Natural Gas Asset Details 43
6 Colombia Pipeline Sector 44
6.1 Colombia Pipeline Sector, Key Data 44
6.2 Colombia Pipeline Sector, An Overview 44
6.3 Colombia Pipeline Sector, Comparision of Key Natural Gas Pipeline Companies 44
6.4 Colombia Pipeline Sector, Natural Gas Pipelines 46
7 Profile of ECOPETROL S.A. 47
7.1 ECOPETROL S.A., Key Information 47
7.2 ECOPETROL S.A., Company Overview 47
7.3 ECOPETROL S.A., Business Description 47
7.3.1 ECOPETROL S.A., Business Description, Business Overview 47
7.3.2 ECOPETROL S.A., Business Description, All Other 47
7.3.3 ECOPETROL S.A., Business Description, Exploration and Production 48
7.3.4 ECOPETROL S.A., Business Description, Refining and Petrochemicals 50
7.3.5 ECOPETROL S.A., Business Description, Transportation 51
7.3.6 ECOPETROL S.A., Business Description, Major Products and Services 52
7.4 ECOPETROL S.A., Value Chain Analysis 53
7.4.1 ECOPETROL S.A., Value Chain Analysis, Upstream 53
7.4.2 ECOPETROL S.A., Value Chain Analysis, Midstream 54
7.4.3 ECOPETROL S.A., Value Chain Analysis, Downstream 55
7.4.4 ECOPETROL S.A., Value Chain Analysis, Retail 55
7.5 ECOPETROL S.A., SWOT Analysis 55
7.5.1 ECOPETROL S.A., SWOT Analysis, Overview 55
7.5.2 ECOPETROL S.A., SWOT Analysis, Strengths 56
7.5.3 ECOPETROL S.A., SWOT Analysis, Weaknesses 57
7.5.4 ECOPETROL S.A., SWOT Analysis, Opportunities 58
7.5.5 ECOPETROL S.A., SWOT Analysis, Threats 59
7.6 ECOPETROL S.A., Revenue Analysis 59
7.6.1 ECOPETROL S.A., Revenue by Segment 60
7.6.2 ECOPETROL S.A., Revenue by Geography 60
8 Profile of Occidental Petroleum Corporation 61
8.1 Occidental Petroleum Corporation, Key Information 61
8.2 Occidental Petroleum Corporation, Company Overview 61
8.3 Occidental Petroleum Corporation, Business Description 61
8.3.1 Occidental Petroleum Corporation, Business Description, Business Overview 61
8.3.2 Occidental Petroleum Corporation, Business Description, Chemical 62
8.3.3 Occidental Petroleum Corporation, Business Description, Oil and Gas 63
8.3.4 Occidental Petroleum Corporation, Business Description, Major Products and Services 65
8.4 Occidental Petroleum Corporation, Value Chain Analysis 66
8.4.1 Occidental Petroleum Corporation, Value Chain Analysis, Upstream 66
8.4.2 Occidental Petroleum Corporation, Value Chain Analysis, Midstream 67
8.5 Occidental Petroleum Corporation, SWOT Analysis 67
8.5.1 Occidental Petroleum Corporation, SWOT Analysis, Overview 67
8.5.2 Occidental Petroleum Corporation, SWOT Analysis, Strengths 68
8.5.3 Occidental Petroleum Corporation, SWOT Analysis, Weaknesses 69
8.5.4 Occidental Petroleum Corporation, SWOT Analysis, Opportunities 69
8.5.5 Occidental Petroleum Corporation, SWOT Analysis, Threats 70
8.6 Occidental Petroleum Corporation, Revenue Analysis 71
8.6.1 Occidental Petroleum Corporation, Revenue by Segment 71
8.6.2 Occidental Petroleum Corporation, Revenue by Geography 71
8.7 Financial and Operational Review 73
8.7.1 Financial Statements 73
8.7.2 Financial Ratios 74
9 Profile of Chevron Corporation 75
9.1 Chevron Corporation, Key Information 75
9.2 Chevron Corporation, Company Overview 75
9.3 Chevron Corporation, Business Description 75
9.3.1 Chevron Corporation, Business Description, Overview 75
9.3.2 Chevron Corporation, Business Description, Chemicals 76
9.3.3 Chevron Corporation, Business Description, Downstream Segment 77
9.3.4 Chevron Corporation, Business Description, Others Segment 78
9.3.5 Chevron Corporation, Business Description, Upstream Segment 79
9.4 Chevron Corporation, Value Chain Analysis 81
9.4.1 Chevron Corporation, Value Chain Analysis, Upstream 81
9.4.2 Chevron Corporation, Value Chain Analysis, Midstream 83
9.4.3 Chevron Corporation, Value Chain Analysis, Retail 83
9.4.4 Chevron Corporation, Value Chain Analysis, Power Generation 84
9.4.5 Chevron Corporation, Value Chain Analysis, Transformation 85
9.5 Chevron Corporation, SWOT Analysis 86
9.5.1 Chevron Corporation, SWOT Analysis, Overview 86
9.5.2 Chevron Corporation, SWOT Analysis, Strengths 86
9.5.3 Chevron Corporation, SWOT Analysis, Weaknesses 87
9.5.4 Chevron Corporation, SWOT Analysis, Opportunities 88
9.5.5 Chevron Corporation, SWOT Analysis, Threats 89
9.6 Chevron Corporation, Revenue Analysis 91
9.6.1 Chevron Corporation, Revenue by Segment 91
9.6.2 Chevron Corporation, Revenue by Geography 91
9.7 Chevron Corporation, Financial and Operational Review 92
9.7.1 Financial Statements 92
9.7.2 Financial Ratios 93
10 Financial Deals Landscape 94
10.1 Detailed Deal Summary 94
10.1.1 Rumored Deals 94
10.1.2 Merger 95
10.1.3 Acquisition 96
10.1.4 Debt Offerings 102
10.1.5 Partnerships 103
10.1.6 Asset Transactions 104
11 Recent Developments 114
11.1 License Rounds 114
11.1.1 May 13, 2009: Colombia To Offer 96 Oil, Gas Blocks In 2010 114
11.2 License Awards 115
11.2.1 May 01, 2009: Petro Andina Resources Wins Four Exploration Blocks In Colombia 115
11.2.2 Feb 18, 2009: Emerald Energy Wins Durillo Contract In Colombia 115
11.2.3 Jan 29, 2009: Emerald Wins Exploration And Production Contract In Colombia 115
11.2.4 Jan 08, 2009: Thorneloe Receives E&P Rights In Colombia 116
11.2.5 Jan 07, 2009: PetroLatina Wins Putumayo-4 Block In Colombian License Bidding Round Mini-Ronda 2008 116
11.3 Strategy and Business Expansion 117
11.3.1 May 20, 2009: Ecopetrol To Be The New Operator Of Ocensa 117
11.4 Recent Discoveries 118
11.4.1 May 20, 2009: Talisman Energy Discovers Gas Condensate Field In Niscota Block, Colombia 118
11.4.2 Apr 23, 2009: Pacific Rubiales Energy Discovers Oil At Arrendajo, Buganviles Blocks In Colombia 118
11.4.3 Apr 06, 2009: Ecopetrol Confirms Oil Discovery At Quriyana-1 Well In Putumayo, Colombia 119
11.4.4 Jan 21, 2009: Pacific Rubiales Discovers Oil At LISA-1 Well In Guasimo Block, Colombia 120
11.5 Drilling and Production Updates 120
11.5.1 May 14, 2009: Ecopetrol To Boost Its Production To More Than 600,000 Boped By 2011 120
11.5.2 May 06, 2009: Petrolifera Petroleum Halts Drilling At LaPinta #1 Well On Sierra Nevada License Onshore Colombia 121
11.5.3 May 05, 2009: Ecopetrol Updates On Gibraltar 3 Well In Siriri Block, Colombia 121
11.5.4 Apr 28, 2009: PetroLatina Energy Updates On Los Angeles-11 Well In Middle Magdalena Valley, Colombia 122
11.5.5 Apr 27, 2009: Petrominerales Produces Oil From Corcel-D3 Well In Llanos Basin, Colombia 124
11.5.6 Apr 23, 2009: Pacific Rubiales Energy Updates On Guasimo, Quifa Blocks In Colombia 126
11.5.7 Apr 14, 2009: Canacol Energy Provides Reserves Update For Rancho Hermoso, Entrerrios Fields in Colombia 127
11.5.8 Mar 24, 2009: Emerald Energy Updates On Jacinto No.1 Well In Jacaranda Block, Colombia 128
11.6 Financial Announcements 129
11.6.1 May 13, 2009: Ecopetrol Reports Consolidated Net Income Of COP1.6 Trillion For Q1 2009 129
11.6.2 Mar 02, 2009: Petrominerales Reports Q4 2008 Results 131
11.6.3 Feb 17, 2009: Ecopetrol Reports Q4 2008 Results 134
11.6.4 Feb 09, 2009: Ecopetrol Reschedules Release Date Of Fourth Quarter 2008 Financial Results 137
11.7 Other Significant Developments 137
11.7.1 May 06, 2009: Ecopetrol Recommences Operation At Trasandino Pipeline In Southern Colombia 137
11.7.2 May 01, 2009: Petro Andina Provides Q1 2009 Operational Update 138
11.7.3 Apr 27, 2009: Canacol Energy Updates On Ombu E&P Contract In Caguan Putumayo Basin, Colombia 141
11.7.4 Apr 17, 2009: Petrolifera Petroleum Provides Operations Update 142
11.7.5 Apr 15, 2009: Petro Vista Energy Provides Operations Update 143
11.7.6 Apr 09, 2009: Gran Tierra Energy Provides Operations Update 144
11.7.7 Apr 07, 2009: Pacific Rubiales Energy, Ecopetrol To Evaluate STAR Technology At Rubiales Field In Colombia 145
11.7.8 Apr 05, 2009: Ecopetrol Requires About $2 Billion For Investment Plan In 2009 146
12 Appendix 148
12.1 Methodology 148
12.1.1 Coverage 149
12.1.2 Secondary Research 150
12.1.3 Primary Research 150
12.1.4 E&P Forecasts 150
12.1.5 Midstream Forecasts 152
12.1.6 Expert Panel Validation 152
12.2 Contact Us 152
12.3 About Us 152
12.4 Disclaimer 153
Executive Summary
1.1 List of Tables
Table 1: Colombia, Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020 13
Table 2: Colombia, Historical Reserves of Natural Gas, 1996-2008 15
Table 3: Colombia, Crude Oil and Natural Gas, Royalty Rate, 2007 19
Table 4: Colombia, Trigger Price For Various Crude Oil Quality, 2007 20
Table 5: Colombia, Trigger Price For Various Natural Gas Quality, 2007 20
Table 6: Colombia, Depreciation Rate For Fixed Assets, 2007 21
Table 7: South and Central America, Investment Benchmarking, Overall Country Rankings, 2008 23
Table 8: South and Central America, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 24
Table 9: South and Central America, Investment Benchmarking, Gas Sector Performance, 2008 26
Table 10: South and Central America, Investment Benchmarking, Economic Performance, 2008 30
Table 11: South and Central America, Country Standings, Economic Performance, 2008 31
Table 12: South and Central America, Investment Benchmarking, Socio-Political Performance, 2008 33
Table 13: South and Central America, Country Standings, Socio-Political Performance, 2008 33
Table 14: Colombia, Natural Gas Key Statistics, 2008 35
Table 15: Colombia, Total Marketed Natural Gas Production (MMcf), 2001-2008 36
Table 16: Colombia, Marketed Natural Gas Production (MMcf), by Assets, 2001-2008 37
Table 17: Colombia, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2001-2008 38
Table 18: Colombia, Market Share (%) based on Marketed Natural Gas Production, 2001-2008 40
Table 19: Colombia, Marketed Natural Gas Production(MMcf), Forecast by Assets, 2009-2014 41
Table 20: Colombia, Forecasted Assets-wise Gross Revenue(000$), 2009-2014 41
Table 21: Colombia, Projected Assets-wise Total Government Take(000$), 2009-2014 42
Table 22: Colombia, Projected Assets-wise Total Contractor Take(000$), 2009-2014 42
Table 23: Colombia, Active Gas Field Assets Details 43
Table 24: Colombia, Pipeline Key Statistics, 2008 44
Table 25: Colombia, Natural Gas Pipeline Length by Company (Km), 2008 44
Table 26: Colombia, Natural Gas Pipelines, 2008 46
Table 27: ECOPETROL S.A., Key Facts 47
Table 28: ECOPETROL S.A., SWOT Analysis 56
Table 29: Occidental Petroleum Corporation, Key Facts 61
Table 30: Occidental Petroleum Corporation, SWOT Analysis 68
Table 31: Occidental Petroleum Corporation, Revenue by Segment, USD Million, 2003-2007 71
Table 32: Occidental Petroleum Corporation, Revenue by Geography, USD Million, 2003-2007 72
Table 33: Occidental Petroleum Corporation, Financial Statements, USD Million, 2003-2007 73
Table 34: Occidental Petroleum Corporation, Financial Ratios, USD Million, 2003-2007 74
Table 35: Chevron Corporation, Key Facts 75
Table 36: Chevron Corporation, SWOT Analysis 86
Table 37: Chevron Corporation, Revenue by Segment, USD Million, 2003-2007 91
Table 38: Chevron Corporation, Revenue by Geography, USD Million, 2003-2007 92
Table 39: Chevron Corporation, Financial Statements, USD Million, 2003-2007 92
Table 40: Chevron Corporation, Financial Ratios, USD Million, 2003-2007 93
Table 41: General Electric And Petroleo Brasileiro Intend To Acquire 51% Stake In An Oil Refinery From Glencore International 94
Table 42: Gran Tierra Merges With Solana Resources 95
Table 43: Ecopetrol Acquires 24.7% Equity Share In Oleoducto Central From Enbridge 96
Table 44: Maurel & Prom To Sell Hocol Petroleum To Ecopetrol 97
Table 45: Pacific Rubiales Acquires Kappa Energy 99
Table 46: Petro Vista Energy Acquires Petropuli 100
Table 47: Gold Oil To Acquire Inversiones Petroleras 101
Table 48: Ecopetrol Plans To Issue Non-Convertible Bonds For $4,000 Million 102
Table 49: Meta Petroleum And Ecopetrol Form Partnership To Develop Alicante Block 103
Table 50: Suroco Energy Acquires Suroriente Block And Arjona Field From Alentar Holdings 104
Table 51: Petro Vista To Farm-Out 35% Participating Interest In Morichito Block To Golden Oil 105
Table 52: Ecopetrol To Acquire 51% Stake In Cartagena Refinery From Glencore International 106
Table 53: Maurel & Prom Plans To Sell Its Colombian Assets 107
Table 54: La Cortez Energy To Acquire 20% Interest In Maranta Exploration And Production Block From Emerald Energy 108
Table 55: Ecopetrol Acquires 17% Stake In Colombia Off-Shore Area From BHP Billiton 109
Table 56: Ecopetrol Acquires Teca Oilfield From ONGC Videsh And Sinopec 110
Table 57: Amerisur Resources Acquires Additional 35% Interest in Platanillo Block 111
Table 58: West Canyon Energy Sells 16% Stake In Buena Vista Block For $4 Million 112
Table 59: Petro Vista Acquires 25% Interest in La Maye Block From New Horizon 113
ECOPETROL S.A.
Occidental Petroleum Corporation
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