Asset report

Colombia Llanos exploration basin

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Report summary

The Llanos basin of Colombia is one of the largest sedimentary basins in the country and has been the target of oil and gas exploration since the 1940's. The basin covers over 220 000 sq km and is oil prone containing several giant medium and heavy oil fields such as Cusiana Cano Limon and Rubiales. We analyse the remaining yet to find potential of the basin and the achievable exploration metrics from future activity. Remaining prospects are small but can be tied into infrastructure quickly providing high returns. Activity is subdued while oil prices are low but is forecast to return to high levels over the long term.All analysis results and forecast metrics are available to download in pdf and excel format.

What's included

This report contains

  • Document

    Colombia Llanos.zip

    ZIP 3.24 MB

  • Document

    Colombia Llanos exploration basin

    PDF 815.77 KB

  • Document

    Colombia Llanos exploration basin

    ZIP 3.92 MB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Key companies
  • Geology
  • Exploration
  • Reserves and resources
  • Development
  • Costs
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis

Tables and charts

This report includes 62 images and tables including:

Images

  • Value creation versus investment (2005-2014)
  • Value creation versus investment (2015-2035)
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • Commerciality index
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Discoveries and success rates
  • Discoveries by licence year and drilling year
  • Basin creaming curve
  • Volumes discovered by year
  • Average discovery size and volume per well by year
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Value creation, spend and volume discovered
  • Returns by drilling year
  • Breakeven price versus prospect size
  • Value creation versus investment
  • Tertiary Heavy Oil
  • Tertiary Medium Oil & Gas
  • Tertiary Heavy Oil
  • Tertiary Medium Oil & Gas
  • Brent and local oil price assumptions
  • Brent and local oil price assumptions
  • Henry Hub and local gas price assumptions
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities

Tables

  • Play level data
  • Assumptions
  • Key licence holders
  • Recent discovery costs
  • Summary of discovery and development costs
  • Key companies: Table 2
  • Geology: Table 1
  • Key basin data
  • Top discoveries (2005-2014)
  • Typical fiscal terms
  • Reserves and resources: Table 3
  • Reserves and resources: Table 4
  • Reserves and resources: Table 5
  • Reserves and resources: Table 6
  • Tertiary Medium Oil & Gas
  • Development: Table 1
  • Tertiary Medium Oil & Gas
  • Economic assumptions: Table 1
  • Tertiary Heavy Oil
  • Tertiary Medium Oil & Gas
  • Average value of future discoveries and implied acreage value
  • Economic analysis: Table 3
  • Economic analysis: Table 4
  • Full-cycle economic analysis

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