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Operations2019-05-28T16:02:13-06:00

Colombian Asset Overview

 AssetBasinWIBoe/dOperator
TOTAL1,700
1LLA-23Llanos100%1,200ARROW
2TapirLlanos50%-ARROW
3Santa Isabel (Oso Pardo)Middle Magdalena100%150ARROW
4OmbuCaguan / Putumayo10%250Emerald Energy
5Los Picachos / MacayaCaguan / Putumayo38%-Hupecol
6COR-39Upper Magdalena100%-ARROW
7CanadaWCSB100Tourmaline Energy

Colombia: Again Open for Business

Favourable business landscape and a favourable political outlook
(newly-elected pro-business government)

Colombian Oil & Gas Industry Dynamics

  • World commodity pricing exposure to higher Brent oil prices
  • Good access to infrastructure with spare pipeline capacity – no bottlenecks
  • Two port facilities in Caribbean provide ample export capacity
  • The recent Presidential election on June 17, 2018 has resulted in a government that is much more supportive of the oil and gas industry than the previous leadership.
  • Oil is Colombia’s largest net export article (to the U.S.) and represents an important contribution to the country’s GDP (20-25%)
  • Excellent fiscal terms (royalty/tax regime) introduced in 2003/2004 resulted in production nearly doubling to approximately 1.0 mmbbl/d by 2012
    • Royalties remain very attractive (8-14% on ARROW properties)