Please complete billing information to continue with your purchase
Colombia has done an excellent job in the past decade of positioning itself as an attractive destination for international oil companies. However, the country has not seen any major discoveries since Cusiana, and the replenishment of reserves in recent years has been insufficient to ensure sustainable production in the long term. The greater activity expected in offshore exploration and non-conventional hydrocarbon exploration poses both a challenge and an interesting business opportunity for industry suppliers. Despite challenges, Colombia remains a popular destination for hydrocarbons investment.
INCLUDED IN THIS MONTH' EDITION:
Ecopetrol: Reaching the million bpd mark
One of the keys to Colombias oil success has been the transformation of Ecopetrol. The state-owned company was not only relieved of the task of managing the countrys oil wealth, there was also a profound change in its corporate governance, including the public listing of part of its capital, which has turned it into one of the most attractive Latin American oil companies in recent years.
Colombia has significant potential in terms of offshore oil reserves in both the Caribbean and Pacific. Although there is no offshore oil production in the country at present, industry sources estimate that around 60% of Colombias potential crude oil resources lie under the sea.
Colombia is also pushing to develop its non-conventional hydrocarbon potential. According to estimates by the Energy Information Agency (EIA), Colombia has the third highest potential among South America countries for non-conventional hydrocarbon deposits after Argentina and Brazil.
Outlook 2014 Oil & Gas: Unconventional is the new conventional
Offshore activity in Latin America: Everybody into the water
Paraguay's quest for oil
Outlook 2012 (Oil & Gas)
New Opportunities: Latin American Oil and Gas Rounds in 2015
Oil and Gas Stats 2Q13
Biofuels in Latin America: The state of play
Oil and Gas Stats 1Q13
Oil refining in Latin America: Sluggish progress amid rising costs
Brazilian hydrocarbon resources pose a huge opportunity
LNG: The natural gas revolution has just begun
BNamericas 2013 Oil and Gas Survey