Country Report
Colombia upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The energy landscape in Colombia has undergone a dynamic transformation, marked by significant fiscal updates, a notable increase in offshore exploration activities, and intriguing political developments. The country now faces a critical gas supply challenge, with proven natural gas reserves declining by 13% in 2024, increasing the reliance on LNG imports.Energy Landscape The Colombian NOC, Ecopetrol, continues to dominate the energy landscape, both in operated and joint venture projects, ...
Table of contents
- Executive summary
- Key facts
- Location maps
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Key companies
- Ecopetrol
- Midcaps
- International operators
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Geology
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Introduction
- Regional tectonic framework and basin evolution
- Catatumbo basin
- Guajira basin
- Sinu - San Jacinto basin
- Putumayo basin
- Llanos basin
- Lower Magdalena basin
- Middle and upper Magdalena basin
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Introduction
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Exploration
- Licensing
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Drilling
- Drilling activity
- Success rates
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Reserves and resources
- Liquids
- Sales gas
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Production
- Liquids
- Gas
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Infrastructure
- Oil infrastructure
- Gas infrastructure
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Policy and regulation
- Key legislation
- State oil company
- State participation
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Licensing
- 2004 Concession contract
- Association contract
- Risk Participation contract
- Risk Sharing contract
- Special terms for small/marginal fields
- Incremental Production contract
- Production Services contract
- Lateral and Deep Play contracts
- 3 more item(s)...
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Fiscal terms
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Overview
- Upstream
- Mid / Downstream
- Current fiscal terms
- Basis
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Government equity participation
- Royalty
- High price fees
- Corporate income tax
- Fiscal treatment of decommissioning costs
- Product pricing
- Historic fiscal terms
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2004 Concession model
- State equity participation
- Carry and reimbursement
- Bonuses, rentals and fees
- Indirect taxes
- Royalty and other production taxes
- Licensing round 2017 terms
- Licensing round 2014 terms
- Additional ("X") participation percentage
- 5 more item(s)...
- 2 more item(s)...
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Overview
Tables and charts
This report includes the following images and tables:
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Key facts: Table 1Country MapReserves and contingent resources at 01/01/2025
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Geology: Image 2Geology: Image 3Contracts Awarded 1990 - 2020Reserves and resources: Table 1Production: Table 1Production: Table 2Liquids ProductionLiquid Production by BasinProduction: Table 3
- 58 more item(s)...
What's included
This report contains:
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