Country Report
Colombia upstream summary
Report summary
The energy landscape in Colombia has undergone a dynamic transformation, marked by significant fiscal updates, a notable increase in offshore exploration activities, and intriguing political developments. Energy Landscape: The Colombian NOC, Ecopetrol, continues to dominate the energy landscape, both in operated and joint venture projects, with almost 70% of the country's current production. Since restructuring Ecopetrol and establishing the National Hydrocarbon Agency (ANH) in ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Ecopetrol
- Midcaps
- International operators
-
Geology
-
Introduction
- 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
-
Introduction
-
Exploration
- 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
- Ban of New Exploration Contracts
-
Fiscal terms
-
Overview
- Upstream
- Mid / Downstream
- Current fiscal terms
- Basis
-
Government equity participation
- Royalty
- High price fees
- Corporate income tax
- Fiscal treatment of decommissioning costs
- Product pricing
- Historic fiscal terms
-
2004 Concession model
- 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
- 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
-
Overview
Tables and charts
This report includes 70 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and contingent resources at 01/01/2024
- Geology: Image 2
- Geology: Image 3
- Contracts Awarded 1990 - 2020
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Liquids Production
- Liquid Production by Basin
- Production: Table 3
- Production: Table 4
- Gas Production
- Infrastructure: Table 1
- Infrastructure: Table 2
- Oil Infrastructure Map
- Infrastructure: Table 3
- Gas Infrastructure Map
- Fiscal Terms
- Fiscal terms: Table 2
- Fiscal terms: Table 8
- Fiscal terms: Table 9
- Basin Map
- Exploration Drilling
- Drilling Activity and Commercial Success Rates
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
- 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
- Fiscal terms: Table 39
- Fiscal terms: Table 40
- Fiscal terms: Table 41
- Fiscal terms: Table 42
- Fiscal terms: Table 43
- Fiscal terms: Table 44
- Fiscal terms: Table 45
- Fiscal terms: Table 46
- Fiscal terms: Table 47
- Fiscal terms: Table 48
What's included
This report contains:
Other reports you may be interested in
Country Report
Argentina upstream summary slides
To complement our more detailed Argentina upstream summary we provide a slide-pack of the key issues in the country.
$2,700
Country Report
Trinidad and Tobago upstream summary slides
To complement our more detailed Trinidad and Tobago upstream summary we provide a slide-pack of the key issues in country.
$2,700
Country Report
Trinidad And Tobago upstream summary
A top gas-producer in Latin America - Trinidad and Tobago is one of the highest gas-producing countries in the region. Gas reserves are ...
$5,400
