1 / 87

Colombia Round 2008 Alberto Gamboa Commercial Coordinator - ANH London, March 6th, 2008

Explore the competitive Colombia Round 2008 for hydrocarbons resources with attractive contract terms, diverse E&P opportunities, and positive industry sentiment. Get insights into market-ready blocks and the upcoming bidding processes in Colombia. Secure your spot and learn more at www.colombiaround2008.com.

crow
Download Presentation

Colombia Round 2008 Alberto Gamboa Commercial Coordinator - ANH London, March 6th, 2008

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Colombia Round 2008 Alberto Gamboa Commercial Coordinator - ANH London, March 6th, 2008

  2. Contents Introduction 2. The Colombia Round 2008 3. Other rounds 4. Conclusions

  3. The ANH is the administrator of the hydrocarbons resources Ministry Policy ANH Administration ECOPETROL National oil company

  4. Colombia has a competitive E&P contract * Subject to specific conditions

  5. Sliding scale royalties (Law 756/2002) Pre 2002

  6. Industry perceptions show strengths 2005 2007 Prospectivity Prospectivity 5 5 4 4 Fiscal terms Personal safety Fiscal terms Personal safety 3 3 2 2 1 1 0 0 Legal security Political stability Legal security Political stability Macroeconomic stability Macroeconomic stability Expected Expected Colombia Colombia Source: Arthur D. Little 2005 and 2007

  7. Exploration activity has increased considerably February 2008 21,5 million Ha. E&P Areas in 2003 12,5 million Ha.

  8. Licensing activity continues to increase… No. contracts Total 2007: 54 60 50 44 E&P 40 30 20 10 0 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 Association (Ecopetrol) Exploration & Production - E&P Technical Evaluation Agreement (TEA)

  9. …seismic data acquisition activity is high… Kms. of 2 D equivalent seismics 25 . 000 20 . 000 15 . 000 Total: 9.970 10 . 000 5 . 000 0 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006

  10. …the highest number of exploratory wells … No. wildcats 80 Total 2007: 73 70 60 50 40 30 20 10 0 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006

  11. …high success rates… Success % No. of wildcats 73 100 56 80 60 35 28 40 21 16 13 20 10 Dry Producer Under test % Success Total

  12. …reversal of the declining trend in oil production… Annual average Monthly average 2007 Goal 516

  13. …and continuous the positive tendency in gas production… mmcfd Annual average mmcfd 1.000 Monthly average 2007 900 793 789 762 800 750 731 724 716 716 703 695 692 687 700 600 500 400 300 200 100 0 ene feb mar abr may jun jul Ago Sep Oct Nov Dic

  14. A record level of foreign investment Petroleum sector Net direct foreign investment flows: Projected Source: Banco de la República

  15. Contents 1. Introduction 2. The Colombia Round 2008 3. Other rounds 4. Conclusions

  16. The Colombia Round 2008… is the second competitive bidding round in Colombia 43 blocks on offer in four basins - ~ 180,000 ha. on average areas with established prospectivity close to markets

  17. Areas offered in the Colombia Round 2008 43 blocks 7.681.047 ha

  18. Sinú – San Jacinto basin

  19. Cesar Ranchería / Guajira basin

  20. Eastern Cordillera basin

  21. Llanos basin / Heavy oil - West

  22. Pre – qualification criteria Payment of participation fee Legal Technical Operational Financial (Details for all of the above to be announced)

  23. Criteria for operational qualification Operational capacity waived for “top 100” companies in Petroleum Intelligence Weekly Other companies need to demonstrate: 5,000 boe/d in 2007 Experience in environmentally sensitive areas

  24. Financial qualification Financial statement requirements waived for companies: With “investment-grade” credit rating agencies - Moody’s (Baa), Standard & Poors (BBB) or Fitch (BBB) “Top 100” companies in Petroleum Intelligence Weekly

  25. Bidding criteria Main criterion: Participation in production ( X% ) Secondary (tie – breaker): additional investment in exploration ( in US$)

  26. Key milestones (preliminary)

  27. Road shows • Bogotá: Country Club 14 March • Houston: Westin Marriot Hotel 26 March • London: St. James’ Sofitel Hotel 2 April Registration through website Data rooms (*): Bogotá, Houston Optional: Calgary, London, Rio de Janeiro, Singapore (*) Dates to be announced

  28. Web page: www.rondacolombia2008.com www.colombiaround2008.com All information pertinent to Round To be regularly updated, containing: Initial and Definitive Terms of Reference Block maps Basic Round information / schedule Relevant legislation FAQs Links to ANH main web-site and information on E&P activity in Colombia More information on ….

  29. Contents 1. Introduction 2. The Colombia Round 2008 3.Other rounds 4. Conclusions

  30. Heavy oil development project8 frontier blocks are being offered

  31. 2nd Ordinary bidding processTo be announced soon

  32. Putumayo basin blocks

  33. Llanos basin blocks

  34. Middle Magdalena basin blocks

  35. Upper Magdalena basin blocks

  36. Sinú South and Chocó to be released in 2009 2008 2009

  37. Contents 1. Introduction 2. The Colombia Round 2008 3. Other rounds 4. Conclusions

  38. Conclusions • Attractive environment for Colombia Round 2008 • Competitive contract terms • Diverse E&P opportunities with upside potential • Positive industry sentiment • Ready markets • Three competitive rounds in 2008 • Heavy Oil (East), 2nd Ordinary Round, Colombia Round

  39. Thank you! www.anh.gov.co rondas@anh.gov.co

  40. “Investment Opportunities in Hydrocarbons and Production in Peru” "PERU New Bidding Round 2008 - Opportunities in Frontier Areas" Ronald Egúsquiza Manager for Promotion and Social Affairs 2008

  41. Peru Peru is located in a strategic location in the South American. With more than 2,000 km shore in front the Pacif Ocean It is becoming a "regional hub" in the South American Pacific Area.

  42. Peru Coalbed Methane Diesel from Bitumen 84 E&P Contracts 19 Exploitation 65 Exploration 06 TEA

  43. Peru Heavy Oil Modernization Talara Ref. LNG Project Petrochemical Industry 84 E&P Contracts 19 Exploitation 65 Exploration

  44. New Opportunities in E&P License Contracts • Contract Stability • Competitive Royalties • Flexible work programs • Huge Natural Gas Potential • Heavy and Light Oil discoveries Perupetro S.A.: In process to launch 2008 Bidding Round in Peru Open acreage for E&P License Contract

  45. Stability: Macroeconomics Sustained economic growth with average annual forecast greater than 7% for 2006 – 2010* Peru 8,9 7,6 8 6,4 6 5,2 5,2 3,9 GDP Growth (Annual variation %) 4 Developed 2 World 0 80 82 84 86 88 90 92 94 96 98 00 02 04 07* 06 (*)Forecasted by Central Reserve Bank of Peru and the Ministry of Economy and Finance. Source: International Monetary Fund and the Central Reserve Bank of Peru.

  46. Sustained lower country risk compared with Latinamerica average risk index Updated October, 20th 2007 Source: Bloomberg

  47. Dec 31, 2003: 27 (12 Ex, 15 Prod.)

  48. PERUPETRO S.A. Actions already taken to improve exploration in Peru • Three lines of action: • Improved technical information accessibility. • Enhanced economic incentives for contracting. Let the market fix new level of royalties for the State. • Improved contract model allowing shorter period of negotiations.

  49. PERUPETRO S.A. DEC- 2007 • STABILITY OF CONTRACTS IS BASED ON: • Contract approved by Presidential Decree – same level as a Congress Law - “Contract–Law”. • Contract signed by Peru-Petro S.A. as a “Sociedad Anonima” follows corporate rulesSo this Contract is signed “Enterprise to enterprise”. • International Arbitration is part of the Contract – there is a specific Clause for this. • Present Government – Took Political Decision not to modifiy the current Hydrocarbons Contract Model.

  50. Peru’s Signed Contracts 1 6 2000 2004 2001 4 2005 15 2 16 2002 2006 2 2007 24 2003 2008 ?

More Related