Abstract
Summary
This profile is the essential source for top-level industry data and
information relating to the Exploration & 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,
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
investments and IPOs.
Reasons to buy
・ Obtain the most up to date information available on exploration licenses and
oil and gas fields.
・ Identify growth markets and opportunities in the
industry.
・ Facilitate market analysis and forecasting of future industry
trends.
・ Facilitate decision making on the basis of strong historic and
forecast data data.
・ Assess your competitor' s exploration and production
asset portfolio.
・ Understand and respond to your competitors business
structure, strategy and prospects.
・ 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 each the country.
Table of Contents
1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 Introduction 11
2.1 What Is This Report About? 11
2.2 How To Use
This Report 11
2.3 Market Definition 11
3 Colombia, Country Snapshot
12
3.1 Colombia, Key Data 12
3.2 Colombia, Exploration And Production
Assets Map 13
3.3 Colombia, Crude Oil & Natural Gas Reserves 14
4
Colombia, Crude Oil And Natural Gas Production 16
4.1 Colombia, Historical
Crude Oil Production 16
4.2 Colombia, Historical Natural Gas Production
17
4.3 Colombia, Crude Oil And Natural Gas Producing Asset Details 18
4.4 Colombia, Crude Oil Production Assets By Area 23
4.5 Colombia, Natural
Gas Production Assets By Area 27
4.6 Colombia, Crude Oil Production By
Company 28
4.7 Colombia, Natural Gas Production By Company 29
5
Colombia, Crude Oil And Natural Gas Forecasts 30
5.1 Colombia, Forecasted
Crude Oil Production 30
5.2 Colombia, Forecasted Crude Oil Production
30
6 Colombia, Exploration Block Details 31
6.1 Colombia, Total Number
of Active Exploration Blocks 31
6.2 Colombia, Total Number of Active
Exploration Blocks By Company 32
6.3 Colombia, Exploration Blocks Details
34
7 Chevron Corporation 45
7.1 Chevron Corporation, Key Information
45
7.2 Chevron Corporation, Company Overview 45
7.3 Chevron
Corporation, Business Description 45
7.3.1 Chevron Corporation, Business
Description, Business Overview 45
7.3.2 Chevron Corporation, Business
Description, Chemicals 46
7.3.3 Chevron Corporation, Business Description,
Downstream Segment 47
7.3.4 Chevron Corporation, Business Description,
Others Segment 48
7.3.5 Chevron Corporation, Business Description,
Upstream Segment 49
7.3.6 Chevron Corporation, Business Description, Major
Products and Services 51
7.4 Chevron Corporation, Value Chain Analysis
53
7.4.1 Chevron Corporation, Value Chain Analysis, Upstream 53
7.4.2
Chevron Corporation, Value Chain Analysis, Midstream 55
7.4.3 Chevron
Corporation, Value Chain Analysis, Retail 55
7.4.4 Chevron Corporation,
Value Chain Analysis, Power Generation 56
7.4.5 Chevron Corporation, Value
Chain Analysis, Transformation 57
7.5 Chevron Corporation, SWOT Analysis
57
7.5.1 Chevron Corporation, SWOT Analysis, Overview 57
7.5.2 Chevron
Corporation, SWOT Analysis, Strengths 58
7.5.3 Chevron Corporation, SWOT
Analysis, Weaknesses 59
7.5.4 Chevron Corporation, SWOT Analysis,
Opportunities 60
7.5.5 Chevron Corporation, SWOT Analysis, Threats 61
7.6 Chevron Corporation, Revenue Analysis 62
7.6.1 Chevron Corporation,
Revenue Analysis, Revenue by Segment 62
7.6.2 Chevron Corporation, Revenue
Analysis, Revenue by Geography 63
7.7 Chevron Corporation, Financial and
Operational Review 64
7.7.1 Chevron Corporation, Financial and Operational
Review, Financial Statements 64
7.7.2 Chevron Corporation, Financial and
Operational Review, Financial Ratios 65
7.8 Chevron Corporation,
Operational Indicators 66
8 Occidental Petroleum Corporation 67
8.1
Occidental Petroleum Corporation, Key Information 67
8.2 Occidental
Petroleum Corporation, Company Overview 67
8.3 Occidental Petroleum
Corporation, Business Description 67
8.3.1 Occidental Petroleum
Corporation, Business Description, Business Overview 67
8.3.2 Occidental
Petroleum Corporation, Business Description, Chemical 68
8.3.3 Occidental
Petroleum Corporation, Business Description, Oil and Gas 69
8.3.4
Occidental Petroleum Corporation, Business Description, Major Products and
Services 71
8.4 Occidental Petroleum Corporation, Value Chain Analysis
72
8.4.1 Occidental Petroleum Corporation, Value Chain Analysis, Upstream
72
8.4.2 Occidental Petroleum Corporation, Value Chain Analysis, Midstream
73
8.5 Occidental Petroleum Corporation, SWOT Analysis 74
8.5.1
Occidental Petroleum Corporation, Overview 74
8.5.2 Occidental Petroleum
Corporation, Value Chain Analysis, Strengths 74
8.5.3 Occidental Petroleum
Corporation, Value Chain Analysis, Weaknesses 75
8.5.4 Occidental
Petroleum Corporation, Value Chain Analysis, Opportunities 75
8.5.5
Occidental Petroleum Corporation, Value Chain Analysis, Threats 76
8.6
Occidental Petroleum Corporation, Revenue Analysis 77
8.6.1 Occidental
Petroleum Corporation, Revenue Analysis, Revenue by Segment 77
8.6.2
Occidental Petroleum Corporation, Revenue Analysis, Revenue by Geography
77
8.7 Occidental Petroleum Corporation, Financial and Operational Review
79
8.7.1 Occidental Petroleum Corporation, Financial and Operational
Review, Financial Statements 79
8.7.2 Occidental Petroleum Corporation,
Financial and Operational Review, Financial Ratios 80
8.8 Occidental
Petroleum Corporation, Operational Indicators 81
9 Petroleo Brasileiro
S.A. 82
9.1 Petroleo Brasileiro S.A, Key Information 82
9.2 Petroleo
Brasileiro S.A, Company Overview 82
9.3 Petroleo Brasileiro S.A, Business
Description 82
9.3.1 Petroleo Brasileiro S.A, Business Description,
Business Overview 82
9.3.2 Petroleo Brasileiro S.A, Business Description,
Distribution 82
9.3.3 Petroleo Brasileiro S.A, Business Description,
Exploration and Production 83
9.3.4 Petroleo Brasileiro S.A, Business
Description, Gas and Energy 85
9.3.5 Petroleo Brasileiro S.A, Business
Description, International 86
9.3.6 Petroleo Brasileiro S.A, Business
Description, Supply 87
9.3.7 Petroleo Brasileiro S.A, Business
Description, Major Products and Services 89
9.4 Petroleo Brasileiro S.A,
Value Chain Analysis 90
9.4.1 Petroleo Brasileiro S.A, Value Chain
Analysis, Upstream 90
9.4.2 Petroleo Brasileiro S.A, Value Chain Analysis,
Midstream 92
9.4.3 Petroleo Brasileiro S.A, Value Chain Analysis,
Downstream 92
9.4.4 Petroleo Brasileiro S.A, Value Chain Analysis, Retail
93
9.5 Petroleo Brasileiro S.A, SWOT Analysis 94
9.5.1 Petroleo
Brasileiro S.A, SWOT Analysis, Overview 94
9.5.2 Petroleo Brasileiro S.A,
SWOT Analysis, Strengths 94
9.5.3 Petroleo Brasileiro S.A, SWOT Analysis,
Weaknesses 95
9.5.4 Petroleo Brasileiro S.A, SWOT Analysis, Opportunities
96
9.5.5 Petroleo Brasileiro S.A, SWOT Analysis, Threats 97
9.6
Petroleo Brasileiro S.A, Revenue Analysis 97
9.6.1 Petroleo Brasileiro
S.A, Revenue Analysis, Revenue by Segment 97
9.6.2 Petroleo Brasileiro
S.A, Revenue Analysis, Revenue by Geography 98
9.7 Petroleo Brasileiro
S.A, Financial and Operational Review 99
9.7.1 Petroleo Brasileiro S.A,
Financial and Operational Review, Financial Statements 99
9.7.2 Petroleo
Brasileiro S.A, Financial and Operational Review, Financial Ratios 100
9.8
Petroleo Brasileiro S.A, Operational Indicators 101
10 Colombia
Exploration and Production Industry, Financial Deals Landscape 102
10.1
Acquisition 102
10.1.1 Osage Exploration and Development Acquires 100%
Stake In Cimarrona 102
10.1.2 Texada Capital To Acquire Petropuli 103
10.1.3 Petro Vista Energy To Acquire 90% Issued Capital Of Petropuli 105
10.2 Debt Offerings 107
10.2.1 Petrominerales Completes Private Placement
Of $100 Million 107
10.3 Asset Transactions 109
10.3.1 CEPSA To
Acquire 70% Interests In Caracara Block From Hupecol Caracara 109
10.3.2
Gold Oil Acquires 20% Interest In Azar Block 111
10.3.3 Suroco Energy To
Acquire Oil And Gas Properties In Colombia From Alentar Holdings 112
10.3.4 Cepsa To Farmout Out 25% In Bituima Exploration Block 114
10.3.5
Petro Vista To Acquire 25% Interest in La Maye Block From New Horizon
Exploration 116
11 Colombia Exploration and Production Industry, Recent
Developments 119
11.1 Government and Public Interest 119
11.1.1 Apr
25, 2008: Colombia' s Oil Output Pumps Up In March 119
11.1.2 Apr 02, 2008:
Colombia Hopes To Increase Oil Output To One Million Barrels/Day By 2020
119
11.1.3 Mar 01, 2008: Colombia And JamaicaTo Begin Negotiations On Oil,
Gas Exploration 120
11.2 Strategy and Business Planning 121
11.2.1 Apr
29, 2008: Colombia, Jamaica To Search For Oil Off San Andres 121
11.2.2
Apr 07, 2008: Emerald Wins Exploration And Production Contract In Colombia
122
11.2.3 Dec 11, 2007: RIL Signs Two E&P Contracts In Offshore Colombia
122
11.3 Operations Updates 123
11.3.1 May 29, 2008: West Canyon
Provides Operational Update 123
11.3.2 May 26, 2008: Solana Updates On
Primavera-1 Well 124
11.3.3 May 23, 2008: Pacific Rubiales' LCE-1 Well
Reaches Target Zone 125
11.3.4 May 14, 2008: Pan Andean Commences 2D
Seismic Programme On Antorcha Block, Colombia 126
11.3.5 Apr 30, 2008:
Occidental Estimates Gross Output In Colombia To Reach 135,000 Bpd By 2011
127
11.3.6 Apr 29, 2008: Ecopetrol Finds Oil And Gas In Southern Colombia
128
11.3.7 Apr 29, 2008: Black Rock Provides Arrinconada Drilling Update
129
11.3.8 Apr 23, 2008: Osage Announces Operations Update 129
11.3.9
Apr 16, 2008: Maurel & Prom Provides Operational Update 131
11.3.10 Apr
16, 2008: Solana Updates On Costayaco-3 Well 132
11.3.11 Apr 14, 2008:
Solana Updates On Palmitas-2 Exploration Well 133
11.3.12 Apr 14, 2008:
Global Updates On Boral 1 Exploratory Well 133
11.3.13 Apr 14, 2008:
Baraka Updates On Mugello-1 Exploration Well 134
11.3.14 Apr 02, 2008:
Loon Updates On Delta-1 Well 134
11.3.15 Mar 24, 2008: Gran Tierra
Initiates Testing Of Costayaco-3 And Drilling Of Costayaco-4 135
11.3.16
Mar 18, 2008: Baraka Updates On Monza-1 Well 137
11.3.17 Mar 12, 2008:
Maurel & Prom Provides Operational Update 138
11.3.18 Mar 12, 2008: Solana
Updates On Primavera-1 Well, Llanos Basin, Colombia 139
11.3.19 Mar 11,
2008: Baraka Updates On Monza-1 Well, Colombia 139
11.3.20 Mar 05, 2008:
Solana Suspends Colombian Drilling Operations 140
11.3.21 Mar 04, 2008:
Black Rock Updates On Acacia Este 2 Appraisal Well 140
11.3.22 Feb 26,
2008: Baraka Provides Update On Monza-1 Well 141
11.3.23 Feb 25, 2008:
Gran Tierra Updates On Costayaco-2 Well 142
11.3.24 Feb 14, 2008: Emerald
Updates On Its Colombian Operations 143
11.3.25 Feb 05, 2008: Pacific
Rubiales Declares Test Results At La Creciente D-1 Well, Colombia 145
11.3.26 Jan 15, 2008: Gran Tierra Completes Drilling Costayaco-2 Well,
Colombia 145
11.3.27 Jan 10, 2008: Amerisur Updates On Platanillo-2 Well
147
11.3.28 Jan 10, 2008: Petrobras Fails To Find Oil At Tayrona Block,
Colombia 148
11.3.29 Jan 02, 2008: Pacific Stratus Updates On LCD-1 Well,
Colombia 148
11.3.30 Dec 28, 2007: Black Rock Updates On Acacia Este-2
Appraisal Well 148
11.3.31 Dec 18, 2007: Baraka Updates On Monza-1 Well In
Chicuaco Block, Colombia 149
11.3.32 Dec 11, 2007: Gran Tierra Initiates
Drilling Of Costayaco-2 Well, Colombia 149
11.3.33 Dec 06, 2007: Loon
Updates On Kristie #1 Well, Colombia 150
11.4 Financial Announcements
150
11.4.1 Feb 04, 2008: Oil Companies To Invest $7 Billion In Colombia In
2008 150
11.5 Other Significant Developments 151
11.5.1 Dec 11, 2007:
Benchmark Enters MoU With ECopetrol 151
12 Appendix 152
12.1
Methodology 152
12.1.1 Coverage 152
12.1.2 Secondary Research 153
12.1.3 Primary Research 153
12.1.4 Forecasts 154
12.2 Key Economic
Assumptions 156
12.3 Expert Panel Validation 157
12.4 Definitions
157
12.5 Unit of Measure 158
12.6 Contact Us 159
12.7 About Global
Markets Direct 159
12.8 Disclaimer 159
1.1 List of Tables
Table 1: Colombia, Oil and Gas, Key Statistics, April 2008 12
Table 2:
Colombia, Total Crude Oil and Natural Gas Reserves(MMBOE), 2000-2012 15
Table 3: Colombia, Total Crude Oil Production (MMBBLs), 2000-2007 16
Table
4: Colombia, Total Natural Gas Production (BCF), 2000-2007 17
Table 5:
Colombia, Oil and Gas Assets Details, April 2008 18
Table 6: Colombia, Oil
and Gas Assets Details, April 2008 (Cont' d) 19
Table 7: Colombia, Oil and
Gas Assets Details, April 2008 (Cont' d) 20
Table 8: Colombia, Oil and Gas
Assets Details, April 2008 (Cont' d) 21
Table 9: Colombia, Oil and Gas
Assets Details, April 2008 (Cont' d) 22
Table 10: Colombia, Oil and Gas
Assets Details, April 2008 (Cont' d) 23
Table 11: Colombia Onshore, Total
Crude Oil Production (Barrels), by Assets, 2000-2007 23
Table 12: Colombia
Onshore, Total Crude Oil Production (Barrels), by Assets, 2000-2007 (Cont' d)
24
Table 13: Colombia Onshore, Total Crude Oil Production (Barrels), by
Assets, 2000-2007 (Cont' d) 25
Table 14: Colombia Onshore, Total Crude Oil
Production (Barrels), by Assets, 2000-2007 (Cont' d) 26
Table 15: Colombia
Onshore, Total Natural Gas Production (MMCF), by Assets, 2000-2007 27
Table 16: Colombia, Total Crude Oil Production (MMBBLs), by Company, 2000-2007
28
Table 17: Colombia, Total Crude Oil Production (MMBBLs), by Company,
2000-2007 (Cont' d) 29
Table 18: Colombia, Total Natural Gas Production
(BCF), by Company, 2000- 2007 29
Table 19: Colombia, Total Crude Oil
Production (MMBBLs), Forecast, 2008-2013 30
Table 20: Colombia, Total
Natural Gas Production (BCF), Forecast, 2008-2013 30
Table 21: Colombia,
Total Number of Active Exploration Blocks, 2000-2007 31
Table 22:
Colombia, Total Number of Active Exploration Blocks by Company, 2000- 2007
32
Table 23: Colombia, Total Number of Active Exploration Blocks by
Company, 2000- 2007 (Cont' d) 33
Table 24: Colombia, Oil and Gas
Exploration Blocks Details, April 2008 34
Table 25: Colombia, Oil and Gas
Exploration Blocks Details, April 2008 (Cont' d) 35
Table 26: Colombia, Oil
and Gas Exploration Blocks Details, April 2008 (Cont' d) 36
Table 27:
Colombia, Oil and Gas Exploration Blocks Details, April 2008 (Cont' d) 37
Table 28: Colombia, Oil and Gas Exploration Blocks Details, April 2008
(Cont' d) 38
Table 29: Colombia, Oil and Gas Exploration Blocks Details,
April 2008 (Cont' d) 39
Table 30: Colombia, Oil and Gas Exploration Blocks
Details, April 2008 (Cont' d) 40
Table 31: Colombia, Oil and Gas
Exploration Blocks Details, April 2008 (Cont' d) 41
Table 32: Colombia, Oil
and Gas Exploration Blocks Details, April 2008 (Cont' d) 42
Table 33:
Colombia, Oil and Gas Exploration Blocks Details, April 2008 (Cont' d) 43
Table 34: Colombia, Oil and Gas Exploration Blocks Details, April 2008
(Cont' d) 44
Table 35: Chevron Corporation,Key Facts, 2007 45
Table 36: Chevron Corporation, SWOT Analysis , 2007 58
Table 37:
Chevron Corporation, Revenue by Segment, USD Million, 2003-2007 63
Table
38: Chevron Corporation, Revenue by Geography, USD Million, 2003-2007
63
Table 39: Chevron Corporation, Financial Statements, USD Million,
2003-2007 64
Table 40: Chevron Corporation, Financial Ratios, USD
Million, 2003-2007 65
Table 41: Chevron Corporation Operational
Indicators, 2003-2007 66
Table 42: Occidental Petroleum
Corporation,Key Facts, 2007 67
Table 43: Occidental Petroleum
Corporation, SWOT Analysis , 2007 74
Table 44: Occidental Petroleum
Corporation, Revenue by Segment, USD Million, 2003-2007 77
Table 45:
Occidental Petroleum Corporation, Revenue by Geography, USD Million, 2003-2007
78
Table 46: Occidental Petroleum Corporation, Financial Statements,
USD Million, 2003-2007 79
Table 47: Occidental Petroleum Corporation,
Financial Ratios, USD Million, 2003-2007 80
Table 48: Occidental
Petroleum Corporation Operational Indicators, 2003-2007 81
Table 49:
Petroleo Brasileiro S.A.,Key Facts, 2007 82
Table 50: Petroleo
Brasileiro S.A., SWOT Analysis , 2007 94
Table 51: Petroleo
Brasileiro S.A., Revenue by Segment, USD Million, 2003-2007 98
Table 52:
Petroleo Brasileiro S.A., Revenue by Geography, USD Million, 2003-2007
98
Table 53: Petroleo Brasileiro S.A., Financial Statements, USD
Million, 2003-2007 99
Table 54: Petroleo Brasileiro S.A., Financial
Ratios, USD Million, 2003-2007 100
Table 55: Petroleo Brasileiro S.A.
Operational Indicators, 2003-2007 101
Table 56: Brent Blend NYMEX
Future Prices 156
1.2 List of Figures
Figure 1: Colombia,
Exploration and Production Assets Map, April 2008 13
Figure 2: Colombia,
Total Crude Oil and Natural Gas Reserves(MMBOE), 2000-2012 14
Figure 3:
Colombia, Total Crude Oil Production (MMBBLs), 2000-2007 16
Figure 4:
Colombia, Total Natural Gas Production (BCF), 2000-2007 17
Figure 5:
Colombia, Total Number of Active Exploration Blocks, 2000-2007 31
Figure
6: Chevron Corporation, Value Chain Analysis 53
Figure 7:
Occidental Petroleum Corporation, Value Chain Analysis 72
Figure 8:
Petroleo Brasileiro S.A., Value Chain Analysis 90
Figure 9: Global
Markets Direct Methodology 152
