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Colombia Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2013 - Product Image

Colombia Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2013

  • Published: March 2009
  • Region: Colombia
  • 153 pages
  • GlobalData

FEATURED COMPANIES

  • ECOPETROL S.A.
  • Petroleo Brasileiro S.A.,
  • MORE

Colombia Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2013

Summary

This profile is the essential source for top-level industry data and information relating to the Exploration and Production industry in Colombia. It provides asset level information relating to the active and planned oil and gas fields and exploration blocks in Colombia. The profiles of the major companies operating in the upstream industry of Colombia are also included in the report. The latest news and deals pertaining to the sector are also provided and analyzed.

Scope

-Updated information relating to all active and planned exploration blocks.
-Provides historical and forecast data and information for all the major operating and planned crude oil and natural gas fields.
-Details operators and equity partners of oil and gas fields and exploration blocks.
-Includes information relating to license round details, start and end dates, acreage, location, and reserves.
-Information on the top companies in the sector including business description, strategic analysis, READ MORE >

1 2
1.1 List of Tables 7
1.2 List of Figures 9
2 Colombia Exploraton And Production Sector 10
2.1 Colombia, Key Data 10
2.2 Colombia, Exploration And Production Assets Map 11
2.3 Colombia Exploration and Production Sector, Production 12
2.3.1 Colombia Exploration and Production Sector, Crude Oil-Historical Production 12
2.3.2 Colombia Exploration and Production Sector, Natural Gas-Historical Production 13
2.3.3 Colombia Exploration and Production Sector, Crude Oil Production by Assets 14
2.3.4 Colombia Exploration and Production Sector, Natural Gas Production by Assets 16
2.3.5 Colombia Exploration and Production Sector, Crude Oil Production by Company 17
2.3.6 Colombia Exploration and Production Sector, Natural Gas Production by Company 18
2.4 Colombia Exploration And Production Sector, Crude Oil Asset Details 19
2.4.1 Colombia Exploration And Production Sector, Active Crude Oil Asset Details 19
2.5 Colombia Exploration And Production Sector, Natural Gas Asset Details 19
2.5.1 Colombia Exploration And Production Sector, Active Natural Gas Asset Details 19
2.6 Colombia Exploration and Production Sector, Forecasted Production 20
2.6.1 Colombia Exploration and Production Sector, Crude Oil Forecasted Production 20
2.6.2 Colombia Exploration and Production Sector, Natural Gas Forecasted Production 21
2.6.3 Colombia Exploration and Production Sector, Crude Oil Gross Revenue Forecast 22
2.6.4 Colombia Exploration and Production Sector, Natural Gas Gross Revenue Forecast 23
2.6.5 Colombia Exploration and Production Sector, Government Take Forecast of Crude Oil Assets 24
2.6.6 Colombia Exploration and Production Sector, Government Take Forecast of Natural Gas Assets 25
2.6.7 Colombia Exploration and Production Sector, Contractor Take Forecast of Crude Oil Assets 26
2.6.8 Colombia Exploration and Production Sector, Contractor Take Forecast of Natural Gas Assets 27
2.7 Colombia Exploration And Production Sector, Exploration 27
2.7.1 Colombia Exploration And Production Sector, Total Active Exploration Blocks 27
2.7.2 Colombia Exploration And Production Sector, Active Exploration Blocks by Company 28
2.7.3 Colombia Exploration And Production Sector, Active Exploration Details 31
2.7.4 Colombia Exploration And Production Sector, Planned Exploration Details 39
3 Profile of ECOPETROL S.A. 40
3.1 ECOPETROL S.A., Key Information 40
3.2 ECOPETROL S.A., Company Overview 40
3.3 ECOPETROL S.A., Business Description 40
3.3.1 ECOPETROL S.A., Business Description, Business Overview 40
3.3.2 ECOPETROL S.A., Business Description, All Other 40
3.3.3 ECOPETROL S.A., Business Description, Exploration and Production 41
3.3.4 ECOPETROL S.A., Business Description, Refining and Petrochemicals 43
3.3.5 ECOPETROL S.A., Business Description, Transportation 44
3.3.6 ECOPETROL S.A., Business Description, Major Products and Services 45
3.4 ECOPETROL S.A., Value Chain Analysis 46
3.4.1 ECOPETROL S.A., Value Chain Analysis, Upstream 46
3.4.2 ECOPETROL S.A., Value Chain Analysis, Midstream 47
3.4.3 ECOPETROL S.A., Value Chain Analysis, Downstream 48
3.4.4 ECOPETROL S.A., Value Chain Analysis, Retail 48
3.5 ECOPETROL S.A., SWOT Analysis 49
3.5.1 ECOPETROL S.A., SWOT Analysis, Overview 49
3.5.2 ECOPETROL S.A., SWOT Analysis, Strengths 49
3.5.3 ECOPETROL S.A., SWOT Analysis, Weaknesses 50
3.5.4 ECOPETROL S.A., SWOT Analysis, Opportunities 51
3.5.5 ECOPETROL S.A., SWOT Analysis, Threats 52
3.6 ECOPETROL S.A., Revenue Analysis 53
3.6.1 ECOPETROL S.A., Revenue by Segment 53
3.6.2 ECOPETROL S.A., Revenue by Geography 53
4 Profile Of Petroleo Brasileiro S.A., 54
4.1 Petroleo Brasileiro S.A., Key Information 54
4.2 Petroleo Brasileiro S.A., Company Overview 54
4.3 Petroleo Brasileiro S.A., Business Description 54
4.3.1 Petroleo Brasileiro S.A., Business Description, Business Overview 54
4.3.2 Petroleo Brasileiro S.A., Business Description, Distribution 55
4.3.3 Petroleo Brasileiro S.A., Business Description, Exploration and Production 55
4.3.4 Petroleo Brasileiro S.A., Business Description, Gas and Energy 57
4.3.5 Petroleo Brasileiro S.A., Business Description, International 58
4.3.6 Petroleo Brasileiro S.A., Business Description, Supply 59
4.4 Petroleo Brasileiro S.A., Value Chain Analysis 61
4.4.1 Petroleo Brasileiro S.A., Value Chain Analysis, Upstream 62
4.4.2 Petroleo Brasileiro S.A., Value Chain Analysis, Midstream 63
4.4.3 Petroleo Brasileiro S.A., Value Chain Analysis, Downstream 63
4.4.4 Petroleo Brasileiro S.A., Value Chain Analysis, Retail 64
4.5 Petroleo Brasileiro S.A., SWOT Analysis 65
4.5.1 Petroleo Brasileiro S.A., SWOT Analysis, Overview 65
4.5.2 Petroleo Brasileiro S.A., SWOT Analysis, Strengths 65
4.5.3 Petroleo Brasileiro S.A., SWOT Analysis, Weaknesses 67
4.5.4 Petroleo Brasileiro S.A., SWOT Analysis, Opportunities 67
4.5.5 Petroleo Brasileiro S.A., SWOT Analysis, Threats 68
4.6 Petroleo Brasileiro S.A., Revenue Analysis 68
4.6.1 Petroleo Brasileiro S.A., Revenue by Segment 69
4.6.2 Petroleo Brasileiro S.A., Revenue by Geography 69
4.7 Petroleo Brasileiro S.A., Financial and Operational Review 70
4.7.1 Financial Statements 70
4.7.2 Financial Ratios 71
5 Profile of Compania Espanola de petroleos, S.A. 72
5.1 Compania Espanola de petroleos, S.A., Key Information 72
5.2 Compania Espanola de petroleos, S.A., Company Overview 72
5.3 Compania Espanola de petroleos, S.A., Business Description 72
5.3.1 Compania Espanola de petroleos, S.A., Business Description, Business Overview 72
5.3.2 Compania Espanola de petroleos, S.A., Business Description, Exploration and Production 73
5.3.3 Compania Espanola de petroleos, S.A., Business Description, Gas and Power 74
5.3.4 Compania Espanola de petroleos, S.A., Business Description, Petrochemical 75
5.3.5 Compania Espanola de petroleos, S.A., Business Description, Refining, Marketing and Basic Chemicals 77
5.3.6 Compania Espanola de petroleos, S.A., Business Description, Major Products and Services 78
5.4 Compania Espanola de petroleos, S.A., Value Chain Analysis 80
5.4.1 Compania Espanola de petroleos, S.A., Value Chain Analysis, Upstream 80
5.4.2 Compania Espanola de petroleos, S.A., Value Chain Analysis, Midstream 81
5.4.3 Compania Espanola de petroleos, S.A., Value Chain Analysis, Downstream 82
5.4.4 Compania Espanola de petroleos, S.A., Value Chain Analysis, Retail 82
5.5 Compania Espanola de petroleos, S.A., SWOT Analysis 83
5.5.1 Compania Espanola de petroleos, S.A., SWOT Analysis, Overview 83
5.5.2 Compania Espanola de petroleos, S.A., SWOT Analysis, Strengths 84
5.5.3 Compania Espanola de petroleos, S.A., SWOT Analysis, Weaknesses 85
5.5.4 Compania Espanola de petroleos, S.A., SWOT Analysis, Opportunities 86
5.5.5 Compania Espanola de petroleos, S.A., SWOT Analysis, Threats 88
5.6 Compania Espanola de petroleos, S.A., Revenue Analysis 89
5.6.1 Compania Espanola de petroleos, S.A., Revenue by Segment 89
5.6.2 Compania Espanola de petroleos, S.A., Revenue by Geography 90
5.7 Compania Espanola de petroleos, S.A., Financial and Operational Review 91
5.7.1 Financial Statements 91
5.7.2 Financial Ratios 92
6 Financial Deals Landscape 93
6.1 Detailed Deal Summary 93
6.1.1 Merger 93
6.1.2 Acquisition 95
6.1.3 Partnerships 101
6.1.4 Asset Transactions 102
7 Recent Developments 112
7.1 License Rounds 112
7.1.1 Sep 15, 2008: Colombia Starts Preparing Bid Packages For New Licensing Round 112
7.1.2 Jul 18, 2008: Colombia Awards Eight Licenses In Southeastern Colombia Oil Areas 112
7.1.3 Jun 23, 2008: Colombia To Auction Rights To Seek Oil In 100 Plus Blocks On October 24, 2008 113
7.1.4 Jun 06, 2008: Colombia To Launch Mini Round For 100 Blocks 115
7.2 License Awards 115
7.2.1 Feb 18, 2009: Emerald Energy Wins Durillo Contract In Colombia 115
7.2.2 Jan 29, 2009: Emerald Wins Exploration And Production Contract In Colombia 116
7.2.3 Jan 08, 2009: Thorneloe Receives E&P Rights In Colombia 116
7.2.4 Jan 07, 2009: PetroLatina Wins Putumayo-4 Block In Colombian License Bidding Round Mini-Ronda 2008 117
7.3 Strategy and Business Expansion 118
7.3.1 Apr 29, 2008: Colombia, Jamaica To Search For Oil Off San Andres 118
7.4 Recent Discoveries 118
7.4.1 Jan 21, 2009: Pacific Rubiales Discovers Oil At LISA-1 Well In Guasimo Block, Colombia 118
7.4.2 Dec 03, 2008: Gran Tierra Encounters Oil At Costayaco-6 Well In Putumayo Basin, Colombia 119
7.4.3 Nov 26, 2008: Pacific Rubiales Discovers Oil At QUIFA-5 Well In Llanos Basin, Colombia 120
7.4.4 Oct 02, 2008: Pacific Rubiales Discovers Oil At RUB-147 Well In Llanos Basin, Colombia 121
7.5 Drilling and Production Updates 122
7.5.1 Feb 18, 2009: PetroLatina Energy Provides Preliminary Test Results Of Colon-1 Exploration Well In La Paloma Block, Colombia 122
7.5.2 Feb 17, 2009: Petrolifera Provides Drilling Update On La Pinta Well In Colombia 123
7.5.3 Feb 17, 2009: InterOil Provides 2008 Production Update 123
7.5.4 Feb 11, 2009: Pacific Rubiales Announces Increase In Reserves For 2008 124
7.5.5 Feb 11, 2009: InterOil Provides Production Update 124
7.6 Financial Announcements 125
7.6.1 Feb 17, 2009: Ecopetrol Reports Q4 2008 Results 125
7.6.2 Feb 09, 2009: Ecopetrol Reschedules Release Date Of Fourth Quarter 2008 Financial Results 128
7.6.3 Nov 10, 2008: Ecopetrol Reports 3Q 2008 Results 128
7.6.4 Nov 06, 2008: Petrominerales Reports 3Q 2008 Results 132
7.6.5 Aug 12, 2008: Petrominerales Reports 2Q 2008 Results 136
7.7 Other Significant Developments 139
7.7.1 Feb 18, 2009: Ecopetrol Updates On Q4 2008 Exploration And Production Operations 139
7.7.2 Feb 11, 2009: West Canyon Completes 3D Seismic Shoot At Carbonera Block In Catatumbo Basin, Colombia 142
7.7.3 Feb 11, 2009: Emerald Provides Colombia Operations Update 142
7.7.4 Jan 27, 2009: BrazAlta Announces Capital Work Program For 2009 144
7.8 New Contracts Announcements 147
7.8.1 Nov 18, 2008: Suroco Receives Drilling Rig From San Antonio For Two Well Program In Colombia 147
7.8.2 Jun 19, 2008: Amerisur Receives Exploration And Production Contract From ANH For Platanillo In Colombia 148
8 Appendix 149
8.1 Methodology 149
8.1.1 Coverage 149
8.1.2 Secondary Research 150
8.1.3 Primary Research 150
8.1.4 E&P Forecasts 151
8.1.5 Midstream Forecasts 152
8.1.6 Expert Panel Validation 152
8.2 Contact Us 153
8.3 About Us 153
8.4 Disclaimer 153

Executive Summary

1.1 List of Tables
Table 1: Colombia, Oil and Gas Key Statistics, 2008 10
Table 2: Colombia, Total Crude Oil Production(MMBBLs),2001-2008 12
Table 3: Colombia, Total Natural Gas Production(MMcf),2001-2008 13
Table 4: Colombia, Crude Oil Production(MMBBLs),by Assets,2001-2008 14
Table 5: Colombia, Natural Gas Production(MMcf),by Assets,2001-2008 16
Table 6: Colombia, Crude Oil Production(MMBBLs),by Company, 2001-2008 17
Table 7: Colombia, Natural Gas Production(MMcf),by Company, 2001-2008 18
Table 8: Colombia, Oil Field Assets Details 19
Table 9: Colombia, Gas Field Assets Details 19
Colombia, Total Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 20
Colombia, Total Natural Gas Production (MMcf), Forecast by Assets, 2009-2014 21
Table 10: Colombia, Forecasted Crude Oil Assets-Wise Gross Revenue(000’$), 2009-2014 22
Table 11: Colombia, Forecasted Natural Gas Assets-Wise Gross Revenue(000’$), 2009-2014 23
Table 12: Colombia, Projected Crude Oil Assets-wise Government Take(000’$), 2009-2014 24
Table 13: Colombia, Projected Natural Gas Assets-Wise Government Take(000’$), 2009-2014 25
Table 14: Colombia, Projected Crude Oil Assets-wise Contractor Take(000’$), 2009-2014 26
Table 15: Colombia, Projected Natural Gas Assets-Wise Contractor Take(000’$), 2009-2014 27
Table 16: Colombia, Total Active Exploration Blocks, 2001-2008 27
Table 17: Colombia, Exploration Active Blocks by Company, 2001-2008 28
Table 18: Colombia, Oil and Gas Exploration Details 31
Table 19: Colombia, Planned Oil and Gas Exploration Details 39
Table 20: ECOPETROL S.A., Key Facts 40
Table 21: ECOPETROL S.A., SWOT Analysis 49
Table 22: Petroleo Brasileiro S.A., Key Facts 54
Table 23: Petroleo Brasileiro S.A., SWOT Analysis 65
Table 24: Petroleo Brasileiro S.A., Revenue by Segment, USD Million, 2003-2007 69
Table 25: Petroleo Brasileiro S.A., Revenue by Geography, USD Million, 2003-2007 70
Table 26: Petroleo Brasileiro S.A., Financial Statements, USD Million, 2003-2007 70
Table 27: Petroleo Brasileiro S.A., Financial Ratios, USD Million, 2003-2007 71
Table 28: Compania Espanola de Petroleos, S.A. (CEPSA), Key Facts 72
Table 29: Compania Espanola de Petroleos, S.A. (CEPSA), SWOT Analysis 84
Table 30: Compania Espanola de Petroleos, S.A. (CEPSA), Revenue by Segment, Euro Million, 2003-2007 90
Table 31: Compania Espanola de Petroleos, S.A. (CEPSA), Revenue by Geography, Euro Million, 2003-2007 91
Table 32: Compania Espanola de Petroleos, S.A. (CEPSA), Financial Statements, Euro Million, 2003-2007 91
Table 33: Compania Espanola de Petroleos, S.A. (CEPSA), Financial Ratios, Euro Million, 2003-2007 92
Table 34: Gran Tierra Merges With Solana Resources 93
Table 35: Pacific Rubiales Acquires Kappa Energy 95
Table 36: Petro Vista Energy Acquires Petropuli 96
Table 37: Gold Oil To Acquire Inversiones Petroleras 97
Table 38: Osage Exploration and Development Acquires 100% Stake In Cimarrona 98
Table 39: Texada Capital To Acquire Petropuli 99
Table 40: Gold Oil Acquires Panamanian Company 100
Table 41: Meta Petroleum And Ecopetrol Enter Into Partnership To Develop Alicante Block 101
Table 42: Maurel & Prom Plans To Sell Its Colombian Assets 102
Table 43: La Cortez Energy To Acquire 20% Interest In Maranta Exploration And Production Block From Emerald Energy 103
Table 44: Ecopetrol Acquires 17% Stake In Colombia Off-Shore Area From BHP Billiton 104
Table 45: Ecopetrol Acquires Teca Oilfield From ONGC Videsh And Sinopec 105
Table 46: Amerisur Resources Acquires Additional 35% Interest in Platanillo Block 106
Table 47: West Canyon Energy Sells 16% Stake In Buena Vista Block For $4 Million 107
Table 48: Petro Vista Acquires 25% Interest in La Maye Block From New Horizon 108
Table 49: CEPSA Acquires 70% Interests In Caracara Block From Hupecol Caracara 109
Table 50: Cepsa To Farmout Out 25% In Bituima Exploration Block 110
Table 51: Gold Oil Acquires 20% Interest In Azar Block For $4 Million 111

ECOPETROL S.A.
Petroleo Brasileiro S.A.,
Compania Espanola de petroleos, S.A.

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