Colombia

Acreage position (gross / net) 3.6 million / 2.6 million
E&P contracts 21
2P reserves 8 million barrels of oil and 410 BCF of natural gas as of December 2016.
Please access the Gallery for photos of Canacol's assets in Colombia.

E&P contracts by basin

Asset Oil/
Gas
Type Status Gross
Acres
Net
Acres
Canacol
WI%
Significant Partner Contract
Type
Llanos Basin
1 LLA 23 Oil Conventional Production 115,592 115,592 100% ANH
2 RH Oil Conventional Production 10,238 10,238 100% Ecopetrol Ecopetrol
Total Llanos 125,830 125,830
Lower Magdalena Basin
3 VIM 5 Gas Conventional Exploration 638,502 638,502 100% ANH
4 SSJN-7 Gas Conventional Exploration 670,000 335,000 50% ANH
5 VIM 19 Gas Conventional Exploration 62,075 62,075 100% ANH
6 VIM 21 Gas Conventional Exploration 51,317 51,317 100% ANH
7 Esperanza Gas Conventional Production 33,203 33,203 100% ANH
Total Lower Mag 1,455,097 1,120,097
Magdalena Basin
8 COR 12 Oil Unconventional Exploration 189,795 189,795 100% ANH
9 COR 4 Oil Unconventional Exploration 189,576 189,576 100% ANH
10 COR 11 Oil Unconventional Exploration 176,915 176,915 70% ANH
11 Santa Isabel - shallow Oil Conventional Exploration 101,542 101,542 100% ANH
11 Santa Isabel - deep Oil Unconventional Exploration 101,542 30,463 30% ConocoPhillips (70%) ANH
12 COR 39 Oil Unconventional Exploration 95,111 95,111 100% ANH
13 VMM 3 Oil Unconventional Exploration 83,312 16,662 20% ConocoPhillips (80%) ANH
14 VMM 2 - shallow Oil Conventional Exploration 75,610 30,244 40% Vetra (60%) ANH
14 VMM 2 - deep Oil Unconventional Exploration 75,610 50,583 67% Vetra (33.1%) ANH
Total Magdelena 911,861 749,105
Caguan-Putumayo Basin
15 Sangretoro Oil Conventional Exploration 385,332 385,332 100% ANH
16 Portofino Oil Conventional Exploration 258,676 103,470 40% Pacific Rubiales (60%) ANH
17 Macaya Oil Conventional Exploration 195,255 73,221 38% Hupecol (50% operator) ANH
18 Serrania Oil Conventional Exploration 110,819 41,557 38% Hupecol (50% operator) ANH
19 Capella field (Ombu) Oil Conventional Production 56,482 5,648 10% Sinochem (90%) ANH
20 Coati Oil Conventional Exploration 61,842 12,368 20% ANH
21 Los Picachos Oil Conventional Exploration 52,772 19,790 38% Hupecol (50% operator) ANH
Total Cag-Put 1,121,178 641,386
Total Colombia 3,613,966 2,636,417

Net total accounts for deep unconventional net acreage on Santa Isabel and VMM 2 E&P contracts.

Excludes shallow conventional net acreage on Santa Isabel and VMM 2 E&P contracts.

LOWER MAGDALENA BASIN, COLOMBIA MAGDALENA BASIN, COLOMBIA LLANOS BASIN, COLOMBIA CAGUAN-PUTUMAYO BASIN, COLOMBIA
4 basins in Colombia and 1 basin in Ecuador
20 E&P contracts in Colombia and 1 contract in Ecuador