Colombia Oil and Gas Report Q4 2016

Publisher Name :
Date: 14-Sep-2016
No. of pages: 110

BMI View: Our outlook for Colombia's oil and gas sector remains downbeat as lower oil prices are

weighing on the development of upstream and downstream projects by national and international investors.

As such, further expansion of the sector will become increasingly dependent on state-owned Ecopetrol.

While the recent government's peace deal with FARC rebels should improve the operating environment, we

note the continued risk of attacks on oil and gas infrastructure due to the presence of other guerrilla

groups.

Latest Updates And Key Forecasts

? In August 2016, Colombia's national oil company Ecopetrol said it will intensify exploration activities in

the country and plans to drill 80 new wells until the end of 2016 on top of 25 wells which have been

drilled already in 2016. Most of the new wells will be located in Rubiales and Castilla fields.

? International oil companies in Colombia are continuing to face strong opposition against unconventional

oil and gas exploration using fracking. In August 2016, the media reported about another large protest in

Valparaiso.

? According to the country's Mines and Energy Ministry, the production levels declined to 888,000b/d in

June 2016, marking a 12% year-on-year decline.

? This quarter we have further downgraded our 2016 production forecast due to persisting attacks on the

country's mid-stream infrastructure. We now project crude oil and condensates output to decrease by

8.1% to 924,510b/d. Other liquids are forecast to add another 27,410b/d to that figure.

? We have slightly lowered our forecasts for Colombia's gas production as the country's national oil

company is focusing primarily on the oil sector, while the private investment into the gas sector is

declining. We now expect gas output to decline by 4.0% year-on-year to 9.4bcm in 2016. By 2025, we

expect the country's gas output to fall to 8.6bcm.

Colombia Oil and Gas Report Q4 2016

Table of Contents

BMI Industry View 7
Table: Headline Forecasts (Colombia 2014-2020) 7
SWOT 9
Oil & Gas SWOT 9
Industry Forecast 11
Upstream Exploration 11
Latest Updates 11
Structural Trends 11
Upstream Projects 16
Table: Colombia - Key Upstream Projects 16
Upstream Production - Oil 22
Latest Updates 22
Structural Trends 22
Table: Oil Production (Colombia 2014-2019) 30
Table: Oil Production (Colombia 2020-2025) 30
Upstream Production - Gas 31
Latest Updates 31
Structural Trends 31
Table: Gas Production (Colombia 2014-2019) 34
Table: Gas Production (Colombia 2020-2025) 35
Refining 36
Latest Updates 36
Structural Trends 36
Table: Refining Capacity And Refined Products Production (Colombia 2014-2019) 38
Table: Refining Capacity And Refined Products Production (Colombia 2020-2025) 38
Refined Fuels Consumption 39
Latest Updates 39
Structural Trends 39
Table: Refined Products Consumption* (Colombia 2014-2019) 41
Table: Refined Products Consumption* (Colombia 2020-2025) 41
Gas Consumption 42
Latest Updates 42
Structural Trends 42
Table: Gas Consumption (Colombia 2014-2019) 44
Table: Gas Consumption (Colombia 2020-2025) 44
Trade - Oil 45
Crude Oil 45
Latest Updates 45
Structural Trends 45
Table: Crude Oil Net Exports (Colombia 2014-2020) 48
Table: Crude Oil Net Exports (Colombia 2020-2025) 48
Refined Products 48
Latest Updates 48
Structural Trends 48
Table: Refined Fuels Net Exports (Colombia 2014-2019) 50
Table: Refined Fuels Net Exports (Colombia 2020-2025) 50
Trade - Gas (Pipeline and LNG) 51
Latest Updates 51
Structural Trends 51
Table: Gas Net Exports (Colombia 2014-2019) 55
Table: Gas Net Exports (Colombia 2020-2025) 55
Industry Risk Reward Index 56
Latin America - Oil & Gas Risk/Reward Index 56
Table: Latin America - Composite Risk/Reward Index 56
Composite RRI: Continued Adjustments Level Off Rankings 57
Upstream RRI: Steady Scores Mask Forthcoming Shifts 58
Table: Latin America - Upstream Risk/Reward Index 59
Downstream: NOC Dominance Will Reinforce Fuels Deficit 61
Table: Latin America Downstream Risk/Reward Index 63
Colombia Risk/Reward Index 64
Upstream Index 64
Downstream Index 65
Market Overview 67
Colombia Energy Market Overview 67
Overview/State Role 67
Licensing And Regulation 68
Table: Royalty Rates 69
International Energy Relations 72
Oil And Gas Infrastructure 74
Refineries 74
Table: Refineries In Colombia 74
Service Stations 76
Oil Terminals/Ports 76
Oil Pipelines 76
LNG Terminals 80
Gas Pipelines 81
Competitive Landscape 82
Competitive Landscape Summary 82
Table: Key Players - Colombian Oil & Gas Sector 83
Company Profile 84
Empresa Colombiana de Petróleos (Ecopetrol) 84
Latest Updates 84
Table: Major Upstream Assets In Colombia 85
Table: Key Financial Metrics (USDmn) 86
Pacific Exploration & Production 87
Table: E&P Subsidiaries 88
Table: Major Upstream Assets In Colombia 88
Table: Key Financials, USDmn 88
Regional Overview 90
Latin America Overview 90
Table: Latin America Oil and Gas Production, Refining Capacity and Trade, 2014-2025 101
Glossary 103
Table: Glossary Of Terms 103
Methodology 105
Industry Forecast Methodology 105
Source 107
Risk/Reward Index Methodology 107
Table: Bmi's Oil & Gas Upstream Risk/Reward Index 109
Table: Weighting 110

List of Tables

Table: Headline Forecasts (Colombia 2014-2020)
Table: Colombia - Key Upstream Projects
Table: Oil Production (Colombia 2014-2019)
Table: Oil Production (Colombia 2020-2025)
Table: Gas Production (Colombia 2014-2019)
Table: Gas Production (Colombia 2020-2025)
Table: Refining Capacity And Refined Products Production (Colombia 2014-2019)
Table: Refining Capacity And Refined Products Production (Colombia 2020-2025)
Table: Refined Products Consumption* (Colombia 2014-2019)
Table: Refined Products Consumption* (Colombia 2020-2025)
Table: Gas Consumption (Colombia 2014-2019)
Table: Gas Consumption (Colombia 2020-2025)
Table: Crude Oil Net Exports (Colombia 2014-2020)
Table: Crude Oil Net Exports (Colombia 2020-2025)
Table: Refined Fuels Net Exports (Colombia 2014-2019)
Table: Refined Fuels Net Exports (Colombia 2020-2025)
Table: Gas Net Exports (Colombia 2014-2019)
Table: Gas Net Exports (Colombia 2020-2025)
Table: Latin America - Composite Risk/Reward Index
Table: Latin America - Upstream Risk/Reward Index
Table: Latin America Downstream Risk/Reward Index
Table: Royalty Rates
Table: Refineries In Colombia
Table: Key Players - Colombian Oil & Gas Sector
Table: Major Upstream Assets In Colombia
Table: Key Financial Metrics (USDmn)
Table: E&P Subsidiaries
Table: Major Upstream Assets In Colombia
Table: Key Financials, USDmn
Table: Latin America Oil and Gas Production, Refining Capacity and Trade, 2014-2025
Table: Glossary Of Terms
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
Table: Weighting
  • Global Luxury Apparels Market To Do Well Owing To Numerous International Brands
    The global luxury apparels market is fired by the intensifying number of fashion marques and many designers getting wide-ranging clienteles in the form of cost-effective products. The global luxury apparels market was at US$1, 8842.69 million in 2015 and is forecast to reach US$60,793.7 million by the end of 2024. This segment of luxury goods [...]
  • Global Health and Wellness Market Boosted By Organic Products and Wearables
    Healthcare has constantly been a profitable area where buyers spend belligerently. But now, with increasing disposable earnings amid the city population and ground-breaking approaches and innovative products being developed, the overall health and wellness market is estimated for a healthy prospect. The health and wellness market is presently very dynamic owing to growing alertness amongst [...]
  • Increasing New Outlets And Striking Offers To Drive Global Pizza Market
    The global pizza market is predicted to grow at a steady CAGR of about 3% by 2020. Pizza has been gaining massive acceptance globally in the last few years. Consequently, the global pizza market is anticipated to observer considerable progress in the coming years. The growing number of pizzerias is one of the major elements [...]
  • Healthy Diet Demand In Developed Economies To Boost Nutraceuticals
    As customers scuffle to keep up with the frantic lifestyles, the necessity for healthy nutrition rises owing to dearth of time to spend on laborious exercises.  Customers are shifting their attention to swift and healthy food behaviours. Increase in intake of beverages and functional food has offered makers of nutraceuticals with money-spinning prospects to benefit [...]
  • World Economic Forum Unveils Top 10 Emerging Technologies of 2016
    The World Economic Forum (WEF) and Scientific American lately unveiled the major technological innovation list of the top ten emerging technologies of 2016. This list emphasizes on the technological developments which have the supremacy to transform industries, protect the planet, and improve lives. It also presents an opening to discuss any societal, human, economic or [...]
  • China Bunker Oil Market Research Report 2016
    Published: 01-Dec-2016        Price: US 3200 Onwards        Pages: 108
    Notes: Sales, means the sales volume of Bunker Oil Revenue, means the sales value of Bunker Oil This report studies Bunker Oil in China market, focuses on the top players in China market, with capacity, production, price, revenue and market share for each manufacturer, covering - Aegean Marine Petroleum - BP - Bunker Holding - Chemoil - Exxon Mobil - KPI Bridge Oil - Bomin - Glander - Gazprom - GAC......
  • Pakistan Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 71
    BMI View: Low oil prices, upstream spending cuts and natural declines combine to paint a bleak near-term upstream outlook for Pakistan, though its strong pipeline of discoveries and exploration plays point to plenty of upside once prices begin to rebound more significantly. The country will remain reliant on crude oil, refined fuels and natural gas imports to quench rising domestic demand. LNG imports are set to experience exponential growth, as influx of additional gas s......
  • Slovakia Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 63
    BMI View: Slovakia has above-average energy import dependency compared with the regional average. The country remains reliant on Russia but is actively pushing through several projects aimed at improving bi-directional flows and establishing regional links for a regional gas market in Central and Southeast Europe. Its role a key gas transit country for gas coming from Russia, through Ukraine and Slovakia before heading to Western Europe, should also be maintained over the......
  • Trinidad and Tobago Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 79
    BMI View: Shortages of natural gas are expected to persist until the start of the Juniper field in late 2017. These supply challenges will continue to disrupt gas exports and comes amid government concerns over the profitability of liquefied natural gas exports. The government has also called for operators to fully exploit existing acreage, suggesting the emergence of tensions between officials and upstream players. Investment has suffered continued delays due to the curr......
  • Vietnam Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 76
    BMI View: Vietnam's dependence on energy imports is set to deepen over the coming decade, as strong growth in domestic demand for crude oil, refined fuels and natural gas comes in conflict with falling production. The increase in oil demand will primarily be driven by a more than tripling of its refining capacity, alongside positive macroeconomic and demographic factors. Gas demand will surpass output for the first time in 2020, when Vietnam's first import terminal is ant......
  • Bulgaria Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 72
    BMI View: Improvements in the refining sector have boosted refined fuels production, though 2016 is proving to be tougher with margins expected to drop. An oil discovery by Total in the Bulgarian section of the Black Sea highlights the potential for both oil and gas exploration in the black Sea. This is a play opening move for Bulgaria and exploration will continue into 2017. The exploration outlook onshore in Bulgaria remains much more limited. Latest Updates And K......
  • Brazil Oil and Gas Report Q1 2017
    Published: 23-Nov-2016        Price: US 1295 Onwards        Pages: 126
    BMI View: Brazil's vast pre-salt reserves suggest substantial growth potential over the long term, underpinning our bullish upstream view that crude, natural gas, and other liquids output will rise over the next decade. However, production growth will be tempered by declining investment funds from Petrobras and continued headwinds from the corruption scandal and continued political fallout following the impeachment. Latest Updates And Key Forecasts ? On Septem......
  • Brunei Oil and Gas Report Q1 2017
    Published: 23-Nov-2016        Price: US 1295 Onwards        Pages: 57
    BMI View: Despite significant offshore potential and ambitious government plans to expand Brunei's upstream sector, the country has relatively small hydrocarbons reserves. This will limit oil and gas production, which will see only minor improvements over the coming five years. Brunei's underdeveloped downstream sector holds much brighter prospects as the new refinery and petrochemical complex at Pulau Muara Besar, scheduled to open in 2018, will support further diversifi......
  • Croatia Oil and Gas Report Q1 2017
    Published: 23-Nov-2016        Price: US 1295 Onwards        Pages: 69
    BMI View: Croatia's conservative government has failed to fully articulate its policies for the oil and gas sector, but the administration has adopted a pro-business stance generally that benefit investors. The government could help to restore confidence in the sector following protracted delay and uncertainty over licensing rounds. Aside from a floating proposed liquefied natural gas (LNG) terminal, the oil and gas sector is likely only to attract a modest level of inves......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs