Ronda Colombia 2012 - ANH

transcript

Ronda Colombia 2012

Content

1. Colombia – Indicators / targets

2. Potential

3. Colombia Round 2012

Colombia has strong fundamentals on which to build prosperity

Source: Ministry of Mines and Energy - Colombia

This is shown by its recent economic performance

Source: Statistical Department of Colombia – DANE

9.8Dec 2011

GDP (PIB US$ Billion)Unemployment Rate

(National total)

Source: World Bank

Debt and Growth

Improving Security

Colombia´s security strategy is constantly adjusting to maintain security improvements

• Include security considerations in energy planning

• Local security analyses for greater efficiency

• Increase troops as needed

Oil production

Gas production

Executed Contracts

TEA: Technical Evaluation AgreementE&P: Exploration and Production contract

Seismic acquisition

Investment in seismic acquisition (2012)

560USD million

Exploratory wells drilled

Investment in drilling (2012)

770USD million

InvestmentOil & gas sector

Source: Banco de la República

3rd quarter

Oil Gas

Reserves

Proved reserves incorporatedMillion barrels of oil equivalent

The figure of 2011 is the incorporation expected and correspond to areas of E&P contracts in the same year declared commerciality.

New E&P discoveries

Content

2. Potential

Basin / Resource (MMbbl / Tcf)Convencional crude Gas (Associated and free, Bcf) Heavy Oil (MMbbl)

P10 P50 P90 P10 P50 P90 P10 P50 P90

OFFSHORE 276.413,0 75.815,0 12.570,0 205,8 20,6 1,9

Cayos 43.050,0 11.774,0 1.950,0 21,8 2,6 0,3

Chocó Offshore 12.589,0 3.453,0 575,0 58,9 4,4 0,1

Colombia 90.992,0 24.923,0 4.138,0 39,9 4,9 0,6

Guajira Offshore 18.721,0 5.131,0 855,0 10,0 1,1 0,1

Pacifico Profundo Colombiano 92.961,0 25.566,0 4.224,0 39,4 4,7 0,6

Sinú Offshore 8.182,0 2.248,0 377,0 10,4 1,0 0,1

Tumaco Offshore 9.918,0 2.720,0 451,0 25,3 2,0 0,1

ONSHORE 153.952,0 42.148,0 7.436,0 289,4 25,6 1,8 388.653,0 71.386,0 14.224,0

Amagá 804,0 233,0 75,0 3,3 0,3 0,0

Choco 13.444,0 3.682,0 607,0 14,2 1,3 0,1 3.454,0 1.145,0 313,0

Caguán-Putumayo 419,0 137,0 34,0 15,8 1,9 0,2 21.500,0 5.794,0 1.628,0

Catatumbo 213,0 59,0 17,0 8,8 0,7 0,0

Cauca Patía 4.553,0 1.247,0 208,0 60,5 4,3 0,1

Cesar Ranchería 4.137,0 1.135,0 189,0 9,7 0,8 0,0

Cordillera Oriental 22.653,0 6.221,0 1.030,0 44,9 3,6 0,2 5.467,0 3.052,0 1.369,0

Guajira 4.777,0 1.307,0 218,0 17,4 1,3 0,0

Llanos Orientales 3.250,0 892,0 148,0 40,2 4,4 0,5 319.455,0 46.735,0 6.806,0

Sinú San Jacinto 13.469,0 3.697,0 614,0 15,5 1,3 0,1

Tumaco 4.486,0 1.651,0 611,0 6,6 0,6 0,0

Urabá 4.413,0 710,0 159,0 3,9 0,3 0,0

Valle Inferior del Magdalena 13.177,0 3.609,0 602,0 12,3 1,1 0,1

Valle Medio del Magdalena 11.885,0 3.252,0 539,0 7,2 0,6 0,1 22.459,0 10.216,0 3.526,0

Valle Superior del Magdalena 999,0 274,0 45,0 10,5 0,9 0,0 16.318,0 4.444,0 582,0

Vaupés Amazonas 51.273,0 14.042,0 2.340,0 18,6 2,2 0,3

Áreas no Prospectivas o aledaña a cuenca

TOTAL 430.365,0 117.963,0 20.006,0 495,1 46,3 3,8 388.653,0 71.386,0 14.224,0

Potential

Basin / Resource (MMbbl / Tcf)Gas Hydrates (Tcf) Coal bed methane (Bcf)1 Tar Sand

P10 P50 P90 P10 P50 P90 P10 P50 P90

OFFSHORE 75,6 19,1 4,9

Chocó Offshore 46,9 11,8 3,0

Colombia 1,9 0,5 0,1

Guajira Offshore 12,2 3,1 0,8

Pacifico Profundo Colombiano 3,7 0,9 0,2

Sinú Offshore 5,8 1,5 0,4

Tumaco Offshore 5,2 1,3 0,3

ONSHORE 77.510,7 14.612,0 725,4 151.173,8 20.428,8 3.455,2

Amagá 516,0 96,0 4,0 318,6 43,1 7,3

Choco 2.187,7 295,6 50,0

Caguán-Putumayo 167,0 31,4 1,8 14.203,0 1.919,3 324,6

Catatumbo 682,3 128,2 6,6 816,9 110,4 18,7

Cauca Patía 720,7 134,9 7,0 711,9 96,2 16,3

Cesar Ranchería 17.713,0 3.296,0 161,0 756,1 102,2 17,3

Cordillera Oriental 4.585,2 867,1 43,7 22.109,1 2.987,7 505,3

Guajira 832,4 156,3 7,8 1.035,9 140,0 23,7

Llanos Orientales 573,0 107,3 5,3 16.526,0 2.233,2 377,7

Sinú San Jacinto 33.286,6 6.338,5 313,1 9.067,2 1.225,3 207,2

Tumaco 753,9 101,9 17,2

Urabá 1.027,7 138,9 23,5

Valle Inferior del Magdalena 252,0 47,0 2,0 4.174,3 564,1 95,4

Valle Medio del Magdalena 4.448,0 830,0 42,0 18.650,3 2.520,3 426,3

Valle Superior del Magdalena 11.177,7 2.099,8 106,8 25.404,0 3.432,9 580,6

Vaupés Amazonas 4.752,8 642,3 108,6

2.556,9 479,5 24,3 28.678,4 3.875,4 655,5

TOTAL 75,6 19,1 4,9 77.510,7 14.612,0 725,4 151.173,8 20.428,8 3.455,2

Potential

Basin / Resource (MMbbl / Tcf)Oil Shale3 Shale Oil 4 Shale Gas4

P10 P50 P90 P10 P50 P90 P10 P50 P90

OFFSHORE

Chocó Offshore

Colombia

Guajira Offshore

Pacifico Profundo Colombiano

Sinú Offshore

Tumaco Offshore

ONSHORE 91.078,0 2.220,1 60,5 151.524,0 19.607,4 3.090,6 2.050,7 265,5 33,8

Amagá 3,5 0,1 0,0 14,4 4,2 0,6 0,2 0,1 -

Choco 412,2 10,9 0,3 235,2 71,4 11,4 3,2 1,0 0,2

Caguán-Putumayo 259,1 5,0 0,0 27.802,8 1.319,4 142,8 376,3 17,9 1,9

Catatumbo 85,0 3,6 0,1 1.918,2 403,2 50,4 26,0 5,5 0,7

Cauca Patía 240,2 7,8 0,2 295,8 88,2 13,8 4,0 1,2 0,2

Cesar Ranchería 622,9 13,9 0,3 1.108,2 294,6 43,2 15,0 4,0 0,6

Cordillera Oriental 294,6 9,5 0,3 7.543,8 2.137,8 327,0 102,1 28,9 4,4

Guajira 10.443,3 198,7 1,2 1.373,4 365,4 54,0 18,6 4,9 0,7

Llanos Orientales 798,9 33,3 1,2 68.478,6 10.783,8 1.297,2 926,7 145,9 17,6

Sinú San Jacinto 1.135,1 47,5 1,9 4.565,4 1.171,2 169,2 61,8 15,9 2,3

Tumaco 2.678,0 99,3 3,0 586,8 175,8 27,6 7,9 2,4 0,4

Urabá 1.950,3 97,1 4,1 943,8 241,8 34,8 12,8 3,3 0,5

Valle Inferior del Magdalena 12.166,0 220,4 3,8 1.255,2 362,4 55,8 17,0 4,9 0,8

Valle Medio del Magdalena 39.432,2 549,6 7,3 1.539,0 450,0 69,6 20,8 6,1 0,9

Valle Superior del Magdalena 5.986,4 240,9 8,5 469,2 139,2 21,6 6,4 1,9 0,3

Vaupés Amazonas 14.564,9 682,2 28,3 33.394,2 1.599,0 771,6 451,9 21,6 2,3

5,5 0,3 0,0

TOTAL 91.078,0 2.220,1 60,5 151.524,0 19.607,4 3.090,6 2.050,7 265,5 33,8

Potential

Basin / Resource (MMbbl / Tcf)Gas in Tigh sands 5 (Tcf)

P10 P50 P90

OFFSHORE

Chocó Offshore

Colombia

Guajira Offshore

Pacifico Profundo Colombiano

Sinú Offshore

Tumaco Offshore

ONSHORE 43,7 5,5 1,0

Amagá 0,1 0,0 0,0

Choco 0,9 0,1 0,0

Caguán-Putumayo 6,7 0,9 0,1

Catatumbo 0,5 0,1 0,0

Cauca Patía 0,3 0,0 0,0

Cesar Ranchería 0,8 0,1 0,0

Cordillera Oriental 5,0 0,6 0,1

Guajira 1,0 0,1 0,0

Llanos Orientales 15,6 2,0 0,3

Sinú San Jacinto 2,5 0,3 0,1

Tumaco 0,5 0,1 0,0

Urabá 0,7 0,1 0,0

Valle Inferior del Magdalena 2,6 0,3 0,1

Valle Medio del Magdalena 2,1 0,3 0,0

Valle Superior del Magdalena 1,5 0,2 0,0

Vaupés Amazonas 3,0 0,4 0,1

TOTAL 43,7 5,5 1,0

Potential

Perception of Attractiveness in LATAM

Investors Perception

Source: ADL 2011

• A prolific geology

• A good business environment

• A tradition of contractual stability

• A competitive institutional framework

• Competitive fiscal and economic terms

• Competitive and transparent rounds

• Marketing freedom for oil and gas overseas

• Exporters will be recognized the opportunity cost of natural gas exports whenever there are interruptions due to internal needs

• A window of opportunity

Colombia offers good business opportunities

Content

2. Potential

Colombia Round 2012

Blocks - Ronda 2012

Basin Type 1 Type 2 Type 3 TotalVAU AMAZ 2 2CAT 2 2COL 4 4COR 4 19 23GUA 2 1 3GUA OFF 3 3LLA 17 2 2 21CAG PUT 3 1 9 13SIN OFF 1 1SIN SJ 4 4 8TUM OFF 2 2URA 1 1 2VIM 4 4 1 9VMM 4 4 1 9VSM 1 6 7Total 29 34 46 109

On shore

98 11Total

TipoSísmica 2D (km)

Número de pozos

Total (Has)

Tipo 1 914 76 656.520

Tipo 2 1.644 186 3.591.333

Tipo 3 438 23 9.229.703

Total 2.996 285 13.477.556

Off shore

Colombia Round 2012

Type 1

Type 2

Type 3

Blocks with unconventional potential

Total of blocks

Type 1 Type 2 Type 3

31 0 13 18

Basin Type of blockNumber of

blocks

CAT 2 2

COR2 4

VMM2 4

VSM 2 3

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Ronda Colombia 2012 - ANH

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