Country report
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71 Pages

Colombia upstream summary


Colombia upstream summary

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 includes 2 file(s)

  • Country Overview PDF - 1.30 MB 71 Pages, 45 Tables, 13 Figures
  • Country Overview XLS - 1.94 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
      • Regional tectonic framework and basin evolution
    • Catatumbo basin
    • Guajira basin
    • Putumayo basin
    • Llanos basin
    • Lower Magdalena basin
    • Middle and upper Magdalena basin
  • Exploration
    • Licensing
    • ANH licensing
    • Drilling
      • Drilling activity
      • Success rates
  • Reserves and resources
    • Liquids
    • Sales gas
  • Production
    • Liquids
    • Gas
  • Infrastructure
    • Oil infrastructure
    • Gas infrastructure
  • Policy and regulation
    • Key legislation
    • State oil company
    • State participation
    • Licensing
      • 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
  • Fiscal terms
    • Overview
      • Upstream
      • Mid / Downstream
    • Current fiscal terms
    • 2004 Concession model
      • State equity participation
      • Carry and reimbursement
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • 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
    • Additional Development contracts
      • Basic production percentages
      • Cumulative production
      • Daily production
      • WTI price
    • Association contracts
      • 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

In this report there are 58 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
  • Geology
    • Basin Map
    • Geology: Image 2
    • Geology: Image 3
  • Exploration
    • Contracts Awarded 1990 - 2016
    • Exploration Drilling
    • Drilling Activity and Commercial Success Rates
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production
    • Liquid Production by Basin
    • Production: Table 3
    • Production: Table 4
    • Gas Production
  • Infrastructure
    • Infrastructure: Table 1
    • Infrastructure: Table 2
    • Oil Infrastructure Map
    • Infrastructure: Table 3
    • Gas Infrastructure Map
  • Policy and regulation
  • Fiscal terms
    • 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
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