See the full presentation in PDF
September 2021
Energy Summit 2021
Colombia Offshore Gas
Max Torres, Managing Partner
World Energy Consumption 2020
Energy World consumption
World Comsumption Pattern
Majors and NOCs Gas Production Share
World class E&P plays in LatAm
Regional Offshore Colombia Framework and Gas Presence
UDW play potential
UDW Play
- Frontier low risk gas /oil DHI play
- 97 Leads. Largest near 30 Tcfg
Kronos Cluster Development Plan Domestic Assumptions
MEFS Kronos Cluster Economics
Project breakeven $6/ Mmbtu or lower
Concluding remarks
- Worldwide gas consumption has increased in the last 25 years
- Majors gas production share is near 40% and climbing
- Colombia Offshore had important gas discoveries representing near 6.5 Tcfg reserves and near 5 Tcfg in resources
- Colombia Offshore has now significant reserves and resources to support domestic consumption (1bcfgd) and gas exports
- Domestic breakeven near $6/MMBTU. New incentives in tax breaks and tax holidays to create gas investments in E&P and distribution grid
- New UDW province could be transformational in creating a supergiant HC producer / exporter country. Gas resources estimated near 200 Tcfg.
