Track Record

Proven success as one of Colombia's leading production and exploration companies

  • Through bid rounds, direct negotiations, farm-ins, and select acquisitions, the Corporation secured 3.0 million / 2.6 million gross and net acres of prospective lands across Colombia and Ecuador
  • From 2008 to present including produced barrels, expanded 2P oil reserves plus deemed volumes from 2 to 32 MMboe, representing a CAGR of 41%.
  • From 2012 to present including produced barrels of oil equivalent, increased 2P natural gas reserves from 17 to 73 MMboe, representing a CAGR of 45%.
  • Pre-tax NPV-10 multiplied from US $199 million to US $1.4 billion
  • 62% historical exploration success (18 / 29 total exploration wells)
  • 97% historical development success (58 / 60 total development wells)
  • Attracted world-class partners that have endorsed Canacol's proven formula for success:

    Partner E&P Contract or Field
    ConocoPhillips ConocoPhillips Colombia / Santa Isabel and VMM 3 E&P Contracts
    Ecopetrol Ecopetrol Colombia / Rancho Hermoso Field
    Pacific Rubiales Pacific Rubiales Colombia / Portofino E&P Contract
    Schlumberger Schlumberger Ecuador / Atacapi & Libertador Fields
    Sinochem Sinochem Colombia / Ombu E&P / Capella Field
  • Strong history of asset optimization from corporate acquisitions: evaluated over 150 potential transactions across 75 million net prospective acres. Highly disciplined approach resulted in closing 4 acquisitions and substantial value creation for shareholders:

Please access the Gallery for photos of Canacol's assets in Colombia and Ecuador.