Colombia

Anticipated strong growth in base production

2018 production guidance:

Forecast realized contractual gas sales which include downtime are anticipated to average between 114 and 129 million standard cubic feet per day. Oil sales are expected to average approximately 1,700 barrels of oil per day.

As of the December 2017 reserve reports, the Corporation had 14 million barrels of net 2P oil reserves and 505 billion cubic feet of net 2P natural gas reserves.

High-impact exploration portfolio that will continue to deliver growth

Canacol has built an exploration portfolio that exposes shareholders to 5 different basins in Colombia and Ecuador across 19 blocks or 3.2 million gross acres. Given Canacol's historical commercial exploration success record of 62%, the Corporation anticipates that the exploration portfolio will continue to deliver solid commercial success for many years to come, yielding continuing growth in production and cash flow.

Acreage position (gross / net) 2.8 million / 2.2 million
E&P contracts 16
2P reserves 8 million barrels of oil and 505 BCF of natural gas as of December 2017.
Please access the Gallery for photos of Canacol's assets in Colombia.

E&P contracts by basin

  Asset Oil/ Type Status Gross Net Canacol Significant Partner Contract
Gas Acres Acres WI% Type
Llanos Basin
1 LLA 23 Oil Conventional Production 115,102 115,102 100% ANH
2 RH Oil Conventional Production 10,238 10,238 100% Ecopetrol Ecopetrol
Total Llanos 125,340 125,340
Lower Magdalena Basin
3 VIM 5 Gas Conventional Exploration 638,502 638,502 100%   ANH
4 VIM 19 Gas Conventional Exploration 62,075 62,075 100% ANH
5 VIM 21 Gas Conventional Exploration 51,107 51,107 100%   ANH
6 Esperanza Gas Conventional Production 33,203 33,203 100% ANH
Total Lower Magdalena     784,887 784,887      
Cordillera Basin
7 COR 4 Oil Conventional Exploration 47,394 47,394 100% ANH
8 COR 11 Oil Conventional Exploration 176,916 176,916 100% ANH
9 COR 39 Oil Conventional Exploration 176,916 176,916 100% ANH
Total Cordillera Basin     319,421 319,421      
Middle Magdalena Basin
10 Santa Isabel Oil Conventional Exploration 672 672 100%   ANH
11 VMM 2 Oil Conventional Exploration 75,610 50,583 67% Vetra (33%) ANH
  VMM 2  Oil Unconventional Exploration 73,056 14,611 20% ConocoPhillips (80%) ANH
12 VMM 3 Oil Unconventional Exploration 83,311 16,662 20% ConocoPhillips (80%) ANH
Total Middle Magdelena     232,649 82,528      
San Jacinto Basin
13 SSJN-7 Gas Conventional Exploration 668,919 334,460 50%   ANH
Caguan-Putumayo Basin
14 Sangretoro Oil Conventional Exploration 385,320 385,320 100% ANH
15 Portofino Oil Conventional Exploration 258,626 155,176 60% Frontera (40%) ANH
16 Ombu Oil Conventional Production 56,482 5,648 10% Sinochem (90%) ANH
Total Caguan-Putumayo 700,428 546,144
Total Colombia       2,831,644 2,192,780