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COLOMBIA
Agencia Nacional de Hidrocarburos
Diana Barrios
October 2012
2
CONTENT
1. The Oil industry in Colombia
2. Institutional framework
3. The National Data Repositories of Colombia EPIS Production
3
Content
1. The Oil industry in Colombia
2. Institutional framework
3. National Data Repository of Colombia
4
Colombia has strong fundamentals on which to build prosperity
Source: Ministry of Mines and Energy - Colombia
5
Equivalent oil production in Colombia
Crude oil Gas
525 529 531 588671
785915 932
114 119 128153
178
191
186 194
2005 2006 2007 2008 2009 2010 2011 2012…
Kboed
639 648 659
741
849
976
1,101 1,126
6
Year TEA E&P Total
2005 28 31 59
2006 12 32 44
2007 10 44 54
2008 16 43 59
2009 6 58 64
2010 1 7 8
2011 9 67 76
2012 0 1 1
Executed Contracts
TEA: Technical Evaluation AgreementE&P: Exploration and Production contract
45 45 45
0
10
20
30
40
50
60
70
80
90
100
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
PND Goals
TEA
E&P
No. contracts
7
Perception of Attractiveness in LATAM
Investors Perception
-
+
8
Content
1. The Oil industry in Colombia
2. Institutional framework
3. EPIS - The National Data Repository of Colombia
9
Institutional framework
Policy-making and control
Administration and promotion of the hydrocarbons resources (Since 2003)
Explores, produces, refines, transports and markets
Ministry of Mines and Energy
10
The new role of Ecopetrol and the ANH
ECOPETROLJudge and Jury (1974 -2003)ECOPETROLJudge and Jury (1974 -2003)
Association Contract
(2003(2003ECOPETROL S.A.E&P CompanyECOPETROL S.A.E&P Company
ANHRegulator (2003 – Now)ANHRegulator (2003 – Now)
New Contract
Activities:
•Manage E&P contracts from 2003.
•Supporting the Ministry in the development of the policy.
•Manage technical information and promote the areas.
•Calculate and Collect royalties.
Activities:
•E&P activity (association contracts and ANH contracts)
•Refining
•Marketing and Trading
11
Content
1. The Oil industry in Colombia
2. Institutional framework
3. The National Data Repositories of Colombia (EPIS and Production)
12
COUNTRY REPORT
Name EPIS (E&P Information Services) Production Monitor
Status Mature - Sustainable Under construction to include production data of all the fields and wells.
Size Large (Digital storage 72TB) Small - 500 GB
When started
2005 with legacy information from ECOPETROL. Until 2009 SLB. Since 2009 Whereoil – KADME.
2010 – with E&P ANH contracts. 2012 rest of the country.
Run by .. Operated by Geoconsult – IT outsourcing Colsof. SW KADME
Operated by Schlumberger
Main contacts
[email protected]@anh.gov.co
[email protected]@anh.gov.co
Web sites http://www.EPIS.com.co www.anh.gov.co; http://www.idp.anh.gov.co
21
Data Type VolumeWells 14.557Well Log Curves 4.491.712Well Reports 122.498Cores & Samples 180.590Seismic Surveys 1.541 2D/3DPost-stack Seismic 102.893Field data/tapes 153.715
Seismic Reports 5.151
Production Data Manage by other application
Interpretative Maps & Reports 66.187 maps & 302.633 Docs.
Other significant Data Types: Magnetic and Gravimetric
Estimated total NDR size 72 TB
Exploration & Production Exploration Service (EPIS)Data Types and Volumes
All operators must submit the exploration & production information to theEPIS
Exploration data confidential for 5 years
Public data available to all
Access Methods: on-line, directly from web, requests via email
Data submission: online validation via web services.Different storagedigital media (HD, DVD, CD)
Service charges: self service by a fixed fee and the direct delivery byinformation type
The ANH releases data in support of licensing rounds. (USD 7 M income inbidding round 2012)
18
Exploration & Production Exploration Service (EPIS)Legislation and Data Release
23
Exploration & Production Exploration Service (EPIS)The NDR is growing
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
2005 2006 2007 2008 2009 2010 2011 2012
Cummulative DB Growth in GB
23
Exploration & Production Exploration Service (EPIS)…. and the cost is diminishing
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
2003 - 2007 2008 - 2009 2010 - 2012
Overall Monthly Cost (USD)
23
PRODUCTION MONITOR & RESERVES SYSTEM
17
AVMMerak (Peep – Volts)
OFMAS
Repositories and teams working in silos. There are 3 different systemsthat should be interconnected to correlate and verify information ofExploration, Production and Royalties.
A new coordinate systems was introduced in Colombia and we shouldupdate some legacy spatial data.
Legacy systems received as part of new functions delegated to theANH such as: Production Regulation and Royalties calculation in 2012. ANH will develop a new royalty application based on the Monitor production System.
Data Migration will be part of this project. ANH will configure in the Production system the fields and wells for the E&P contracts
issue before 2003.
New Core Storage building and a new project to capture high resolutionphotos of cores. Estimated size: 300 TB.
Legacy data and new data require more quality assurance. The dataquality may affect the bank fees.
18
NDRs – ISSUES AND CHALLENGES
23
FUTURE OF NDR
Only E&P contractsissued byANH
AutomatedMeasurement
ProductionBalanceAdjustments
Control allColombia Production
RoyaltiesCalculation
M
M
M
M
M
5,000 / 3,000
3,000 / 1,620 2,000 / 1,080
N1
N2
N2-N1=-300
500 / 405
700 / 567
500 / 405
300 / 150
250 / 184
200 / 147
100 / 74
600 / 540
250 / 225
150 / 135
80 / 111
30 / 41
20 / 28
200 / 180
Estimado / Ajustado
M
M
M
M
M
5,000 / 3,000
3,000 / 1,620 2,000 / 1,080
N1
N2
N1
N2
N2-N1=-300
500 / 405
700 / 567
500 / 405
300 / 150
250 / 184
200 / 147
100 / 74
600 / 540
250 / 225
150 / 135
80 / 111
30 / 41
20 / 28
200 / 180
Estimado / AjustadoNew Regulation of
Measurement
113 fields134 facilities
646 wells
303 fields280 facilities8000 wells
COLOMBIA – PROSPERITY FOR ALL.
22
Oil Gas
Reserves
Proven
1.542 1.478
1.453 1.510
1.358
1.668
1.988 2.058
2.259
1.000
1.200
1.400
1.600
1.800
2.000
2.200
2.400
2003 2005 2007 2009 2011
Million barrels
6.7 7.2
7.5 7.3 7.1 7.3
8.5
7.1 6.6
4.0 4.2 4.0 4.3
3.7
4.4 4.7
5.4 5.5
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
2003 2005 2007 2009 2011
Tera cubic feet
Totals Proven
23
Foreign Direct Investment
Source: Banco de la República
1st quarter1.125
1.995
3.333 3.405
2.4282.781
5.125
1.049
0.000
1.000
2.000
3.000
4.000
5.000
6.000
7.000
2005 2006 2007 2008 2009 2010 2011 2012
Million USD
24
History of the Colombian Oil & Gas Contracts
Concession Contract E&P and TEA Contracts
Concession ContractThe state gives an area to a private for a period of time between 23-50 years for exploration and production. Royalties between 6-15%.
Association ContractEcopetrol is operator and the regulator. Ecopetrol is partner of another company who takes the exploration risk and investment for this period. Royalties and Ecopetrol's participation in these contracts are changing with different settings: (50-50, Participation staggered factor R, stepped royalties).The maximum contract duration is 28 years (6 exploration and 22 production)
1905 1974 2003
E&P (Exploration and Production Contract)TEA (Technical Evaluation Agreement)The ANH is the agency responsible for promoting the optimal and sustainable exploitation of the country’s hydrocarbons resources;The contractor has operational autonomy, responsibility and freedom to market production. Ecopetrol is another player within new operators under the regulation of the ANH
Association Contract
19
Exploration & Production Exploration ServiceHistory
Before the creation of ANH, the technical information wasreported to Ecopetrol and managed by Schlumberger.
The ANH was created in 2003 and it received thedatabase and tapes/documents from Ecopetrol. The EPISwas managed in all its components by Schlumbergerbetween 2003 and 2007.
During 2007 & 2008 an IT service company was managingthe EPIS hardware platform, while Schlumberger was stilloperating and providing the software.
Before 2003
2003 - 2007
2007 - 2008
At the end of 2009, the NDR data was migrated from theSchlumberger applications to a new EPIS system, basedon the Whereoil platform from KADME. The system isoperated by a local company (Geoconsult), and the ITinfrastructure is operated by a local IT provider (Colsoft).
2009 - 2012
EPIS - Exploration & Production Exploration ServicePurpose
To preserve all the exploration & production information for thecountry.
To support the exploration & production licensing activities with thedelivery of technical information.
To monitor the commitments made by the oil companies when theyentered into a licensing contract.
To promote the exploration opportunities to attract more investmentsfor the hydrocarbons sector.
17
27
Seismic acquisition
Investment in seismic acquisition (2012)
560USD million0
5,000
10,000
15,000
20,000
25,000
2005 2006 2007 2008 2009 2010 2011 2012Sept
Onshore Offshore ANH Goal
Seismic: km of 2D equivalent
11.896
26.491
9.970
16.286
20.117
25.965
23.963
Goal:~18.000
14.548
28
Exploratory wells drilled
Investment in drilling (2012)
560USD million
35
56
70
99
75
112
126
93
150
121
173
0
20
40
60
80
100
120
140
160
180
200
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Exploratory wells drilled ANH Goal
Number of exploratory wellsdrilled
