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 3.7 million / 2.7 million gross and net acres of prospective lands across Colombia and Ecuador
  • From 2012 to present, increased 2P natural gas reserves from 17 to 72 MMboe, representing a CAGR of 44%.
  • Pre-tax NPV-10 multiplied from US $199 million to US $1.3 billion
  • 61% historical exploration success (20 / 33 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
    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 5 acquisitions and substantial value creation for shareholders:

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