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Colombia Round 2008 - and other rounds Armando Zamora Director General - ANH London, 2 April, 2008
Colombia Round 2008 - and other rounds
Armando ZamoraDirector General - ANH
London, 2 April, 2008
The ANH is the administrator of the hydrocarbon resources of Colombia
Energy policy-making
Administration of the
hydrocarbon resources
Operations along value chain
Ministry of Mines and Energy
Institution Role
The main gaps in attractiveness: perceptions on personal safety and prospectivity
Perceptions on Colombian attractiveness
0
1
2
3
4
5
Prospectivity
Fiscal terms
Political stability
Economic stability
Legal security
Personal safety
Expected
Colombia
Source: Arthur D. Little, 2008
Oil and gas productions are (slowly) growing
Oil Gas
687
604 578
541 528 525 529 531 557
-
100
200
300
400
500
600
700
mbd
575 597 603 578 601 648
680730 733
-
100
200
300
400
500
600
700
800
900
1.000
mmcfd
Licensing activity is increasing
0
10
20
30
40
50
60
1980 1983 1986 1989 1992 1995 1998 2001 2004 2007
No. contracts
Association (Ecopetrol) Exploration & Production - E&P Technical Evaluation Agreement (TEA)
February: 2
Goal 2008: 30
Acreage under exploration is up
E&P Areas in 200312,5 millions Ha.
Land map - February 200821,5 millions Ha.
Petroleum sector
… bringing record levels of foreign investment…
Source: Banco de la República
Net direct foreign investment flows:
-1.000
0
1.000
2.000
3.000
4.000
1996 1998 2000 2002 2004 2006
MillIon US $
Annual flows 3rd quarter Estimated
… and the highest number of exploratory wells, with high success rates …
3 1 26
1015
21 27
51 2
2
1
6
9
1210
8
20
11
19
29
37
8
0
15
30
45
60
75
2000 2001 2002 2003 2004 2005 2006 2007 2008
No. of wildcats
Producer Under test Dry
1613 10
2821
35
56
73
Total % Success
Success%
100
80
40
60
20
0
10
20
30
40
50
60
70
80
1980 1983 1986 1989 1992 1995 1998 2001 2004 2007
No. wildcats
Goal: 40
February: 13
Estimated 2008: 90
2020 strategic objective
Maximize potential
Continue to export surpluses
Maintain
self-sufficiency
Re
su
lts
Investments
(proposed)
+
+
-
-
Under alternative production scenarios, self-sufficiency would extend well beyond 2020
2014
Abundance
Base - crude
Base - gas
ScarcityDemand
Crude production scenarios (000b/d)
Source: Arthur D. Little 2006
100
200
300
400
500
600
700
800
900
1.000
2006 2007 2008 2009 2010 2011 2012 2013 2015 2016 2017 2018 20202019
2007 Reserves
Ecopetrol´s 2008 business plan
ANH´s work model
Knowledge Management
Resource development
Sustainability
Knowledge of geological potential
Knowledge improvement
plan
2020 PlanInvestmentprojects
Integration, interpretation and analysis of new
information
Identification ofopportunities
Promotion ofopportunities
Oversight/control of licenses
Licensing
Hydrocarbons supply
projections
Authority
Strategic direction
Financial support
Administrative support
Action PlanSecurity Communities Environment Security of supply
Methodology for regional studies
Geologic knowledge of the basin
Remote methods
Surface methods
Types of studies
1 2 3 4 5 BIDROUND
OIL & GAS COMPANIES
A BHYDROCARBON
DISCOVERY
ANH
Prospect identification
Subsurface images
Subsurface sampling & analysis
Basin modeling
Areas offered in the Colombia Round 2008
43 blocks7.681.047 Ha
Heavy oil development project - East8 frontier blocks
Blocks AREA (Ha)
CPE 1 1.059.744
CPE 2 415.666
CPE 3 2.598.791
CPE 4 964.341
CPE 5 3.209.426
CPE 6 608.247
CPE 7 1.231.783
CPE 8 2.237.549
TOTAL 12.325.546
Well
Number Length (Km) Number
405 7.267 37
Seismic lines
2008 Mini-round (2nd Ordinary bidding process)
Blocks AREA (Ha)
100 4.830.629
