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 3.2 million / 2.1 million gross and net acres of prospective lands across Colombia
  • From 2012 to present, increased 2P natural gas reserves from 17 to 89 MMboe, representing a CAGR of 39%.
  • Pre-tax NPV-10 multiplied from US $199 million to US $1.6 billion
  • 62% historical exploration success (23 / 37 total exploration wells)
  • 97% historical development success (61 / 63 total appraisal/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
    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.