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Colombia Gas Markets, 2010

Published By :

GlobalData

Published Date : May 2010

Category :

Natural Gas

No. of Pages : 108 Pages


This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Colombia. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Colombia. The report compares the investment environment in Colombia with other countries in the region. The profiles of the major companies operating in the natural gas sector in Colombia together with the latest news and deals are also included in the report.

Scope

  • Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.
  • Historical and forecast data and information for all the major gas fields, (Liquified Natural Gas) LNG Terminals, pipelines and underground gas storage facilities in Colombia for the period 2000-2013.
  • Operator and equity details for major natural gas assets in Colombia.
  • Key information relating to market regulations, key energy assets and the key companies operating in the Colombias energy industry.
  • Information on the top companies in the Colombia including business description, strategic analysis, and financial information.
  • Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
  • Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

  • Gain a strong understanding of the countrys energy market. 
  • Facilitate market analysis and forecasting of future industry trends.
  • Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data. 
  • Assess your competitors major natural gas assets and their performance.
  • Analyze the latest news and financial deals in the gas sector of each country.
  • Develop strategies based on the latest operational, financial, and regulatory events. 
  • Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
  • Identify and analyze the strengths and weaknesses of the leading companies in the country.
Table Of Contents

1 Table Of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 Colombia Energy Sector 10
2.1 Colombia Energy Sector, Market Overview 10
2.2 Colombia Energy Sector, Natural Gas 11
2.2.1 Colombia Natural Gas, Overview 11
2.2.2 Colombia Natural Gas, Supply and Demand Balance 11
2.2.3 Colombia Natural Gas, Regulatory Structure 15
2.2.4 Colombia Natural Gas, Infrastructure 15

3 Colombia Gas Upstream Investment Environment Benchmarking 17
3.1 Introduction 17
3.2 The Overall Ranking 17
3.3 Upstream Fiscal Attractiveness 18
3.3.1 Maximum Government Take Index 19
3.3.2 Maximum State Participation Index 19
3.3.3 Domestic Market Obligation Index 19
3.4 Gas Sector Performance 20
3.4.1 Exploration Activity 22
3.4.2 Gas Production 23
3.4.3 Gas Reserves 23
3.4.4 Gas Consumption 23
3.5 Economic Performance 24
3.5.1 GDP Growth Index 26
3.5.2 FDI Confidence Index 26
3.5.3 Balance of Trade Index 26
3.6 Socio-Political Performance 26
3.6.1 Democracy Index 28
3.6.2 Governance Index 28

4 Colombia Exploration and Production Sector 29
4.1 Colombia Exploration and Production Sector, Country Snapshot 29
4.1.1 Colombia Exploration and Production Sector, Key Data 29
4.1.2 Colombia Exploration and Production Sector, Natural Gas Assets Map 29
4.2 Colombia Exploration and Production Sector, Marketed Natural Gas Production 30
4.2.1 Colombia Exploration and Production Sector, Marketed Natural Gas-Historical Production 30
4.2.2 Colombia Exploration and Production Sector, Marketed Natural Gas Production by Type 31
4.2.3 Colombia Exploration and Production Sector, Marketed Natural Gas Production by Assets 32
4.2.4 Colombia Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 33
4.2.5 Colombia Exploration and Production Sector, Market Share based on Marketed Equity Weighted Natural Gas Production 34
4.3 Colombia Exploration and Production Sector, Marketed Natural Gas Forecasts 35
4.3.1 Colombia Exploration and Production Sector, Marketed Natural Gas Forecasted Production 35
4.3.2 Colombia Exploration and Production Sector, Gross Revenue Forecast 36
4.3.3 Colombia Exploration and Production Sector, Government Take Forecast 37
4.3.4 Colombia Exploration and Production Sector, Contractor Take Forecast 38
4.4 Colombia Exploration And Production Sector, Natural Gas Asset Details 39
4.4.1 Colombia Exploration And Production Sector, Active Natural Gas Asset Details 39
4.5 Colombia, Major Natural Gas Discoveries, 2004-2009 40
4.5.1 Colombia, Natural Gas Discoveries by Year, 2004-2009 40
4.5.2 Colombia, Natural Gas Discovery Details, 2004-2009 41
4.6 Colombia Exploration and Production Sector, Recent Discoveries 41
4.6.1 Apr 21, 2010: InterOil Announces New Oil Discoveries In Peru And Colombia 41
4.6.2 Apr 19, 2010: Petrolifera Petroleum Discovers Gas At Brillante SE-1X Well In Colombia 42
4.6.3 Mar 31, 2010: Benchmark Energy Cases Recio 1 Exploration Well As Oil Discovery 42
4.6.4 Mar 25, 2010: Petro Vista Energy Announces New Oil Discovery In Colombia 42
4.6.5 Mar 22, 2010: Petrolifera Petroleum's Brillante SE-1X Well Encounters Indicated Hydrocarbon-Bearing Zones In CDO Formation 43
4.7 Colombia Exploration and Production Sector, Drilling and Production Updates 44
4.7.1 Apr 22, 2010: OVL Produces 8.870 MMT Of Oil And Oil Equivalent Gas In 2009-10 44
4.7.2 Apr 19, 2010: PetroLatina Energy Provides Update On Testing Of Santa Lucia-4 Well In Colombia 44
4.7.3 Apr 13, 2010: Petrominerales' Yenac-1 Well Produces At Over 1,800 bopd 45
4.7.4 Apr 12, 2010: InterOil Provides March 2010 Production Update 45
4.7.5 Apr 06, 2010: InterOil Spuds Altair-1 Exploration Well In Colombia 45

5 Colombia Pipeline Sector 47
5.1 Colombia Pipeline Sector, Key Data 47
5.2 Colombia Pipeline Sector, An Overview 47
5.3 Colombia Pipeline Sector, Comparision of Key Natural Gas Pipeline Companies 47
5.4 Colombia Pipeline Sector, Natural Gas Pipelines 49

6 Profile of ECOPETROL S.A. 50
6.1 ECOPETROL S.A., Key Information 50
6.2 ECOPETROL S.A., Company Overview 50
6.3 ECOPETROL S.A., Business Description 50
6.3.1 Business Overview 50
6.3.2 All Other 51
6.3.3 Exploration and Production 51
6.3.4 Refining and Petrochemicals 53
6.3.5 Transportation 54
6.4 ECOPETROL S.A., SWOT Analysis 55
6.4.1 Overview 55
6.4.2 ECOPETROL S.A. Strengths 55
6.4.3 ECOPETROL S.A. Weaknesses 56
6.4.4 ECOPETROL S.A. Opportunities 57
6.4.5 ECOPETROL S.A. Threats 58

7 Profile of Chevron Corporation 59
7.1 Chevron Corporation, Key Information 59
7.2 Chevron Corporation, Company Overview 59
7.3 Chevron Corporation, Business Description 59
7.3.1 Business Overview 59
7.3.2 Chemicals 60
7.3.3 Downstream 60
7.3.4 Others 62
7.3.5 Upstream Segment 63
7.4 Chevron Corporation, SWOT Analysis 65
7.4.1 Overview 65
7.4.2 Chevron Corporation Strengths 66
7.4.3 Chevron Corporation Weaknesses 67
7.4.4 Chevron Corporation Opportunities 68
7.4.5 Chevron Corporation Threats 69

8 Profile of Occidental Petroleum Corporation 70
8.1 Occidental Petroleum Corporation, Key Information 70
8.2 Occidental Petroleum Corporation, Company Overview 70
8.3 Occidental Petroleum Corporation, Business Description 70
8.3.1 Business Overview 70
8.3.2 Chemical 71
8.3.3 Midstream, Marketing and Other 72
8.3.4 Oil and Gas 73
8.4 SWOT Analysis 75
8.4.1 Overview 75
8.4.2 Occidental Petroleum Corporation Strengths 75
8.4.3 Occidental Petroleum Corporation Weaknesses 76
8.4.4 Occidental Petroleum Corporation Opportunities 77
8.4.5 Occidental Petroleum Corporation Threats 78

9 Financial Deals Landscape 80
9.1 Detailed Deal Summary 80
9.1.1 Acquisition 80
9.1.2 Debt Offerings 84
9.1.3 Asset Transactions 86

10 Recent Developments 96
10.1 License Rounds 96
10.1.1 Feb 11, 2010: ANH Open Round Colombia 2010 Arrives In New York City 96
10.1.2 Feb 03, 2010: ANH Continues Open Round Colombia 2010 In Houston 96
10.1.3 Jan 28, 2010: ANH Open Round Colombia 2010 Arrives In Calgary 96
10.1.4 Dec 02, 2009: Colombia Begins Process Of Awarding Oil Exploration Rights 97
10.2 License Awards 97
10.2.1 Aug 31, 2009: Canacol Energy Wins Tamarin E&P Contract In Colombia 97
10.2.2 Jul 02, 2009: Canacol Energy Announces Award Of Pacarana Technical Evaluation Area In Colombia 98
10.2.3 May 01, 2009: Petro Andina Resources Wins Four Exploration Blocks In Colombia 99
10.3 Strategy and Business Expansion 99
10.3.1 Sep 18, 2009: Osage Terminates Participation In Rosa Blanca Concession, Colombia 99
10.3.2 Sep 07, 2009: LUKOIL, Total In Talks To Jointly Develop Foreign Projects 99
10.3.3 May 20, 2009: Ecopetrol To Be The New Operator Of Ocensa 100
10.4 Other Significant Developments 100
10.4.1 Apr 26, 2010: Pacific Rubiales Energy Updates On Quifa And Rubiales Blocks In Llanos Basin, Colombia 100
10.4.2 Apr 26, 2010: Petrolifera Petroleum Announces Upward Revision To Brillante Absolute Open Flow Test Rate 102
10.4.3 Apr 26, 2010: Quetzal Energy Cases Atzam #3A As Potential Oil Well In Guatemala and Provides Update On Colombian Operations 102
10.4.4 Apr 22, 2010: PetroLatina Energy's Seismic Data Confirms Seven Leads On Putumayo-4 Block In Colombia 103
10.4.5 Apr 21, 2010: Ecopetrol Approves Commercial Viability Of Quifa Field In Colombia 104

11 Appendix 105
11.1 Methodology 105
11.1.1 Coverage 106
11.1.2 Secondary Research 107
11.1.3 Primary Research 107
11.1.4 Midstream Forecasts 107
11.1.5 Expert Panel Validation 107
11.2 Contact Us 108
11.3 About GlobalData 108
11.4 Disclaimer 108

List of Table


Table 1: Colombia, Historic and Forecast Production and Consumption of Natural Gas, Billion Cubic Feet, 1996-2020 12
Table 2: Colombia, Historic Reserves of Natural Gas, Billion Cubic Feet, 1996-2009 14
Table 3: South and Central America, Investment Benchmarking, Overall Country Rankings, April 2010 17
Table 4: South and Central America, Investment Benchmarking, Upstream Fiscal Attractiveness, April 2010 18
Table 5: South and Central America, Investment Benchmarking, Gas Sector Performance, April 2010 20
Table 6: South and Central America, Investment Benchmarking, Economic Performance, April 2010 24
Table 7: South and Central America, Country Standings, Economic Performance, April 2010 25
Table 8: South and Central America, Investment Benchmarking, Socio-Political Performance, April 2010 27
Table 9: South and Central America, Country Standings, Socio-Political Performance, April 2010 27
Table 10: Colombia, Natural Gas Key Statistics, 2009 29
Table 11: Colombia, Total Marketed Natural Gas Production (MMcf), 2002- 2009 30
Table 12: Colombia, Marketed Natural Gas Production by Type (MMcf), 2002- 2009 31
Table 13: Colombia, Marketed Natural Gas Production (MMcf), by Assets, 2002- 2009 32
Table 14: Colombia, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002- 2009 33
Table 15: Colombia, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2002-2009 34
Table 16: Colombia, Marketed Natural Gas Production (MMcf), Forecast by Major Assets, 2010-2015 35
Table 17: Colombia, Forecasted Major Assets-wise Gross Revenue(000'$), 2010-2015 36
Table 18: Colombia, Projected Major Assets-wise Total Government Take(000'$), 2010-2015 37
Table 19: Colombia, Projected Major Assets-wise Total Contractor Take(000'$), 2010-2015 38
Table 20: Colombia, Active Gas Field Asset Details 39
Table 21: Colombia, Number of Gas Discoveries, 2004-2009 40
Table 22: Colombia, Natural Gas Discovery Details, 2004-2009 41
Table 23: Colombia, Pipeline Key Statistics, 2009 47
Table 24: Colombia, Natural Gas Pipeline Length by Company (Km), 2009 47
Table 25: Colombia, Natural Gas Pipelines, 2009 49
Table 26: ECOPETROL S.A., Key Facts 50
Table 27: ECOPETROL S.A., SWOT Analysis 55
Table 28: Chevron Corporation, Key Facts 59
Table 29: Chevron Corporation, SWOT Analysis 65
Table 30: Occidental Petroleum Corporation, Key Facts 70
Table 31: Occidental Petroleum Corporation, SWOT Analysis 75
Table 32: La Cortez Energy Acquires Avante Colombia From Avante Petroleum 80
Table 33: Petrodorado Acquries Holywell Resources 81
Table 34: Petroamerica Acquires Free Traders 82
Table 35: Maurel & Prom Sells Hocol Petroleum To Ecopetrol 83
Table 36: Ecopetrol Announces Public Offering Of $1.5 Billion 84
Table 37: Promigas Completes Public Offering Of $200.81 Million 85
Table 38: InterOil Farms Out 10% Of Altair Block License To The Colombinan Company 86
Table 39: Brownstone Ventures And Quetzal Energy To Acquire Interest In Canaguaro Block, Colombia From Fenix Energy 87
Table 40: Suroco Energy Acquires 28% Working Interest In The Llanos Block 33 in Colombia 88
Table 41: PetroAmerica Oil Enters Into Farm-In Agreement With Petrobras Colombia 89
Table 42: Apco Oil & Gas International To Acquire 20% Working Interest In The Llanos 32 Exploration And Production Contract 90
Table 43: Petrolifera Petroleum Enters Into Farm-Out Agreement With Apco Properties 91
Table 44: ECOPETROL Acquires 20% Interest In Borojo North And Borojo South Offshore Blocks From Reliance 92
Table 45: PetroAmerica Oil Signs Farm-In Agreement With Dyas Colombia and Serinpet 93
Table 46: Brownstone And Quetzal Energy To Acquire 68.5% Stake In Block LLA 27 Block, Llanos Basin 94
Table 47: PetroAmerica Oil Acquires 50% Interest In CPO-1 Block In Llanos Basin From Pacific Rubiales Energy 95

List of Chart


Figure 1: Colombia, Energy Sector break-up, 2009 10
Figure 2: Colombia, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 13
Figure 3: South and Central America, Country Standings, Upstream Fiscal Attractiveness, April 2010 19
Figure 4: South and Central America, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, April 2010 21
Figure 5: South and Central America, Country Standings, Gas Sector Performance, by Production & Consumption, April 2010 22
Figure 6: South and Central America, Country Standings, Exploration Blocks Awarded, April 2010 23
Figure 7: South and Central America, Country Standings, Economic Performance, April 2010 25
Figure 8: South and Central America, Country Standings, Socio-Political Performance, April 2010 28
Figure 9: Colombia, Natural Gas Assets Map, 2009 29
Figure 10: Colombia, Total Marketed Natural Gas Production (MMcf), 2002- 2009 30
Figure 11: Colombia, Marketed Natural Gas Production by Type (MMcf), 2002- 2009 31
Figure 12: Colombia, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 33
Figure 13: Colombia, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2009 34
Figure 14: Colombia, Number of Gas Discoveries, 2004- 2009 40
Figure 15: Colombia, Natural Gas Pipeline Length by Company (Km), 2009 48
Figure 16: GlobalData Methodology 106

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