Country report

Colombia upstream summary

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

Colombia is one of the most important oil and gas producers in Latin America and has earned a positive reputation for respecting contract sanctity.Former president Alvaro Uribe was credited with many pro business policies that have transformed the upstream industry in recent times. His successor Juan Manuel Santos elected to a second term in 2014 has continued Uribe's pro business policies. Issues with security indigenous communities and infrastructure cannot be overlooked and ...

What's included

This report contains

  • Document

    Country Overview

    PDF 16.75 MB

  • Document

    Country Overview

    XLS 2.03 MB

  • Document

    Country Overview

    ZIP 18.60 MB

  • Document

    Executive summary

    PDF 90.58 KB

  • Document

    Key facts

    PDF 65.98 KB

  • Document

    Location maps

    PDF 4.80 MB

  • Document

    Key companies

    PDF 96.19 KB

  • Document

    Geology

    PDF 4.12 MB

  • Document

    Exploration

    PDF 141.63 KB

  • Document

    Reserves and resources

    PDF 97.58 KB

  • Document

    Production

    PDF 137.37 KB

  • Document

    Infrastructure

    PDF 7.53 MB

  • Document

    Policy and regulation

    PDF 127.10 KB

  • Document

    Fiscal terms

    PDF 235.07 KB

Table of contents

    • Production decline
    • Security risks
    • Recent bid rounds and new regulations for E&P in Colombia
  • Key facts
  • Location maps
  • Key companies
      • 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
    • Liquids
    • Sales gas
    • Liquids
    • Gas
    • Oil infrastructure
    • Gas infrastructure
    • Key legislation
    • State oil company
    • State participation
      • 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
      • Joint Venture contracts
      • Farm-Out contracts
      • Upstream
      • Mid / Downstream
    • Current fiscal terms
      • 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
      • Contractor revenue entitlement
      • Product pricing
      • Corporate (or petroleum) income tax
      • Free Trade Zone
      • Fiscal / Contractual ring-fences
      • Dividend withholding tax
      • 2016 Fiscal reform
      • Basic production percentages
      • Cumulative production
      • Daily production
      • WTI price
      • State equity participation
      • State equity participation under Risk Sharing contracts
      • State equity participation under special terms for small/marginal fields
      • State equity participation under Incremental Production contracts
      • Carry and reimbursement
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Contractor revenue entitlement
      • Product pricing
      • Corporate (or petroleum) income tax
      • Fiscal/Contractual ring-fences
      • Dividend withholding tax
      • Other taxes
      • Calculation of marginal government take
      • 1989 - 1993 Association contract
      • 1994 - 1997 Association contract
      • 1997 - July 1999 Mature ("Active") Area Association contract
      • 1997 - July 1999 Frontier ("Inactive") Areas Association contract
      • Post-July 1999 Association contract
      • 2004 Concession contract

Tables and charts

This report includes 60 images and tables including:

Images

  • Country Map
  • Remaining Commercial and Technical Reserves at 01/01/2017
  • Geology: Image 2
  • Geology: Image 3
  • Liquids Production
  • Liquid Production by Basin
  • Gas Production
  • Oil Infrastructure Map
  • Gas Infrastructure Map
  • Basin Map
  • Contracts Awarded 1990 - 2017
  • Exploration Drilling
  • Drilling Activity and Commercial Success Rates

Tables

  • Key facts: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • Production: Table 3
  • Production: Table 4
  • Infrastructure: Table 1
  • Infrastructure: Table 2
  • Infrastructure: Table 3
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 6
  • Fiscal terms: Table 7
  • Fiscal terms: Table 8
  • Fiscal terms: Table 9
  • Fiscal terms: Table 10
  • Fiscal terms: Table 11
  • Fiscal terms: Table 12
  • Fiscal terms: Table 13
  • Fiscal terms: Table 14
  • Fiscal terms: Table 15
  • Fiscal terms: Table 16
  • Fiscal terms: Table 17
  • Fiscal terms: Table 18
  • Fiscal terms: Table 19
  • Fiscal terms: Table 20
  • Fiscal terms: Table 21
  • Fiscal terms: Table 22
  • Fiscal terms: Table 23
  • Fiscal terms: Table 24
  • Fiscal terms: Table 25
  • Fiscal terms: Table 26
  • Fiscal terms: Table 27
  • Fiscal terms: Table 28
  • Fiscal terms: Table 29
  • Fiscal terms: Table 30
  • Fiscal terms: Table 31
  • Fiscal terms: Table 32
  • Fiscal terms: Table 33
  • Fiscal terms: Table 34
  • Fiscal terms: Table 35
  • Fiscal terms: Table 36
  • Fiscal terms: Table 37
  • Fiscal terms: Table 38

You may be interested in

    
            
            
            
            
            
            
            
    

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898