Ecopetrol estimates Colombia's reserves potential at an equivalent of 47 billion barrels of oil, and a large part of the country remains unexplored. There is potential for further discoveries in fields such as Cusiana, Cupiagua, Caño Limón, La Cira-Infantas and Chuchupa-Ballena, all of which have proven reserves in excess of one million barrels of oil.
With coasts on both the Pacific and Atlantic Oceans, Colombia offers easy access to the Gulf of Mexico, the east and west coasts of North America, the East Asian markets, as well as Central and South America.
Colombia encourages and facilitates private investment in the Oil and Gas sectors through direct negotiation, where priority is given to a first-come, first-served approach.
Colombia's new Royalties and Tax contract model is among the most attractive in the world. It provides flexibility and profitability to foreign investors in the Oil and Gas sector.
Colombia offers a full
pipeline network for hydrocarbons and their products. A new pipeline for
transporting gas to Venezuela has recently been completed and plans are
currently in place to extend the gas transportation infrastructure to Panama.
After more than 80 years of
activity in the Oil and Gas industry, Colombia has developed a highly skilled
workforce in both the technical and professional fields. You will also find
that every Colombian is hardworking, loyal and will want to help you achieve
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