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Colombia: Ecopetrol minor field divestments offer juniors fresh opportunity

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Report summary

On 24 June 2016 Colombia's national oil company Ecopetrol launched a bid round for 20 of its minor onshore fields. This follows the region's other national oil companies including Petrobras YPF and Pemex in the divestment of non core assets in a low oil price environment. This divestiture is part of an initiative to exercise capital discipline and reduce costs after Ecopetrol's near 40% 2016 capital budget cut. We see this as the company's first step in rationalising its portfolio as it pursues a US$400 900 million divestment target over 2016/2017.

What's included

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  • Document

    Ecopetrol onshore bid round.xls

    XLS 687.50 KB

  • Document

    Colombia: Ecopetrol minor field divestments offer juniors fresh opportunity

    PDF 1.57 MB

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    Colombia: Ecopetrol minor field divestments offer juniors fresh opportunity

    ZIP 1.69 MB

Table of contents

Tables and charts

This report includes 9 images and tables including:

Images

  • Colombia: Ecopetrol minor field divestments offer juniors fresh opportunity: Image 1
  • Illustrative fiscal regime comparison
  • Terrorism risk index map of Colombia
  • Colombia: Ecopetrol minor field divestments offer juniors fresh opportunity: Image 3
  • Colombia: Ecopetrol minor field divestments offer juniors fresh opportunity: Image 4

Tables

  • Colombia: Ecopetrol minor field divestments offer juniors fresh opportunity: Table 1
  • Colombia: Ecopetrol minor field divestments offer juniors fresh opportunity: Table 2
  • Sliding scale model concession royalty
  • List of fields on offer

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