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Improvement of policy measures driving the growth of oil and gas sector in Colombia — Market Research Company Aarkstore aggregation

Improved policy measures driving the growth Oil and gas industry in Colombia

Summary

oil Colombia and the gas is witnessing a major boom in oil production in 2009 reaching 0.67 million barrels per day (b / d), the highest since 2000. The efforts of the Government of Colombia to open the upstream sector to foreign players and attract investment through favorable tax terms and a higher level of security in the country have succeeded in reversing the trend of the country's crude oil output. The national government continued measures to reform the country's upstream sector has provided a platform for the country to become a major player in the global oil industry and gas, with oil production expected to reach 1 million b / d in 2015.

Scope

– The study examines the Colombian oil and gas industry, giving priority to measures policy improved.
– An analysis of the Colombian oil and gas market, presenting statistics on natural gas production, number of contracts and the number of wildcats drilled during 2000-2009.
– Was informed about Open Colombia Round 2010 and the work program for the blocks offered.

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 4
2 GlobalData Viewpoint 5
2.1 Summary 5
3 policy measures driving Enhanced Oil and growth of the gas industry in Colombia 5
3.1 Colombian Oil and Gas Industry comeback: Measures to improve the policy paying 6
3.2 The increase in exploration activities and new licensing rounds Enhance Oil Production and gas 8
3.2.1 Colombia round of the 2010 9
3.3 Increased Investment pave the way for Colombia to emerge as a major player in global oil and gas 12
4 Recent Developments 13
13 4.1 License Rounds
4.1.1 January 28, 2010: Colombia ANH round of the 2010 Calgary reaches 13
02 de diciembre 4.1.2 2009: Colombia starts process for granting oil exploration rights 13
14 4.2 Recent Discoveries
4.2.1 January 29, 2010: Ecopetrol discovers hydrocarbons Tempranillo in the North-1 Well In Potrerillo Pijao-Area, Colombia 14
4.2.2 January 25, 2010: Pacific Rubiales Energy announces oil discovery in Kief-14 Block Kief Well, Colombia 14
4.2.3 December 17, 2009: Ecopetrol confirms presence of hydrocarbons in Rancho Hermoso-5 Well, Colombia 14
4.2.4 07 de December 2009: Energy Alange announces new discovery Careto A-5 Well in Llanos Basin, Colombia 15
4.3 Drilling and Production Updates 16
4.3.1 01 de febrero 2010: Oil Petrolifera SE 1X Bright To Spud Well in mid-February 2010 16
4.3.2 January 25, 2010: Updates Ecopetrol in 2009 Proved Reserves 16
4.3.3 January 18, 2010: Spud Petrodorado ME-1, in Los Llanos Basin, Colombia 17
4.3.4 January 11, 2010: Pacific Rubiales Energy Updates Field Kief Fan and Block 18 in Colombia
4.3.5 06 de January 2010: Gran Tierra Energy Updates Dantayaco-1 exploration in Colombia 19
4.3.6 04 de January 2010: Start of production of Candelilla Petrominerales-1 in Colombia 19
4.3.7 November 20, 2009: The Colombia's oil production reached 704,000 bpd in October 2009 20
21 4.4 Other significant events
4.4.1 January 25, 2010: Pacific Rubiales Energy Updates The Fan, The Crescent and Rubiales Block 21
4.4.2 January 19, 2010: Ecopetrol receives $ 1 billion U.S. Preliminary Commitment Eximbank 22
4.4.3 January 13, 2010: Energy Azabache begins 2D seismic program in the Mona Block 22 in Colombia
4.4.4 07 de January 2010: Pacific Rubiales Energy enters long-term oil pipeline contract of carriage with 22
4.4.5 December 11, 2009: Ecopetrol announced investment plan of $ 6.92 thousand million in 2010 23
4.4.6 December 10, 2009: Colombia rising oil production in November 25, 2009
4.4.7 November 12, 2009: Ecopetrol Take control of operations Cupiagua fields in Colombia from July 2010 25
4.5 New Contracts Announcements 26
4.5.1 02 de febrero 2010: NXT Energy receives $ 431,000 Contract Survey In Colombia 26
4.5.2 January 13, 2010: signing a contract with CGGVeritas Geophysical Systems SSG 26

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