Asset report

Colombia Upper Magdalena Valley exploration basin

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Report summary

The Upper Magdalena Valley is a mature oil-prone basin located in the jungles of Colombia. Left-wing activists have a history of disrupting the oil and gas industry in the area, but operators have adapted and security concerns are effectively managed. Although the basin is mature with limited yet-to-find volumes, there is untested potential present in harder-to-identify traps. While the value of individual discoveries is small, successful exploration can yield healthy rates of return.

What's included

This report contains

  • Document

    Colombia Upper Magdalena

    ZIP 2.55 MB

  • Document

    Colombia Upper Magdalena Valley exploration basin

    PDF 511.15 KB

  • Document

    Colombia Upper Magdalena Valley exploration basin

    ZIP 2.95 MB

Table of contents

Tables and charts

This report includes 25 images and tables including:


  • Value creation versus investment (2005-2014)
  • Value creation versus investment (2015-2035)
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Exploration and appraisal spend
  • Commerciality index
  • Drilling activity by well type
  • Discoveries and success rate
  • TYP value creation, spend and volume discovered
  • Outlook value creation, spend and YTF volume
  • Cretaceous Onshore
  • Unit value of potential discoveries
  • Prospect breakeven prices


  • Key play data
  • Key facts: Table 2
  • Price assumptions
  • Key play characteristics
  • Summary of discovery and development costs
  • Top discoveries (2005-2014)
  • Typical fiscal terms
  • Full cycle economic analysis
  • Reserves and resources: Table 2
  • Development: Table 1
  • Cretaceous Onshore

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