Colombia

Acreage position (gross / net) 2.9 million / 2.3 million
E&P contracts 20
2P reserves 9 million barrels of oil and 372 BCF of natural gas as of December 2015. In June 2015, the Corporation added 28 BCF of natural gas reserves in connection with the Oboe natural gas discovery
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 115,592 103,592 90% ANH
2 RH Oil Conventional Production 10,238 10,238 100% Ecopetrol Ecopetrol
Total Llanos 125,830 113,830
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 51,317 51,317 100% ANH
6 Esperanza Gas Conventional Production 33,203 33,203 100% ANH
Total Lower Mag 785,097 785,097
Magdalena Basin
7 COR 12 Oil Unconventional Exploration 189,795 189,795 100% ANH
8 COR 4 Oil Unconventional Exploration 189,576 189,576 100% ANH
9 COR 11 Oil Unconventional Exploration 176,915 176,915 70% ANH
10 Santa Isabel - shallow Oil Conventional Exploration 101,542 101,542 100% ANH
10 Santa Isabel - deep Oil Unconventional Exploration 101,542 30,463 30% ConocoPhillips (70%) ANH
11 COR 39 Oil Unconventional Exploration 95,111 95,111 100% ANH
12 VMM 3 Oil Unconventional Exploration 83,312 16,662 20% ConocoPhillips (80%) ANH
13 VMM 2 - shallow Oil Conventional Exploration 75,610 30,244 40% Vetra (60%) ANH
13 VMM 2 - deep Oil Unconventional Exploration 75,610 50,583 67% Vetra (33.1%) ANH
Total Magdelena 911,861 749,105
Caguan-Putumayo Basin
14 Sangretoro Oil Conventional Exploration 385,332 385,332 100% ANH
15 Portofino Oil Conventional Exploration 258,676 103,470 40% Pacific Rubiales (60%) ANH
16 Macaya Oil Conventional Exploration 195,255 73,221 38% Hupecol (50% operator) ANH
17 Serrania Oil Conventional Exploration 110,819 41,557 38% Hupecol (50% operator) ANH
18 Capella field (Ombu) Oil Conventional Production 56,482 5,648 10% Sinochem (90%) ANH
19 Coati Oil Conventional Exploration 61,842 12,368 20% ANH
20 Los Picachos Oil Conventional Exploration 52,772 19,790 38% Hupecol (50% operator) ANH
Total Cag-Put 1,121,178 641,386
Total Colombia 2,943,966 2,289,417

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