New market study, "Colombia Oil & Gas Report Q3 2014", has been published

From: Fast Market Research, Inc.
Published: Mon Jun 23 2014

Colombia's energy sector seems to be headed for an inflection point over the medium term. In the past decade we have seen strong liquids production growth, buoyed by improvements to the business and security environment as well as favourable contract terms. However, a tendency toward smaller finds, as well as a recent uptick in attacks on pipelines has begun to suggest some downside pressure on production over the longer term. Unlocking the country's offshore and unconventional resource potential could be a crucial step in helping to bolster its proven reserve levels, supporting greater long-term production gain s. While as of now, such exploration is still at a nascent phase , we will be watching the upcoming licensing round closely, for signs of greater investor interest, especially in the country's unconventional potential . As such, we see significant upside and downside risks to the country's long-term liquids production and reserve growth forecasts.

Full Report Details at

Key T rends A nd D evelopments

* Colombia's attractive fiscal regime, contract terms and regulatory environment has seen significant growth in foreign investment into its oil sector, helping to propel production growth of more than 70% since the mid-2000s. As of 2013, production has exceeded the 1mn barrels per day (b/d) threshold, and by 2018, we forecast crude, NGL and other liquids production to reach 1.3mn b/d. While we expect the upward trend to continue, we note growth could slow unless we see the country address its more modest reserves picture, as well as the recent deterioration in the security environment.
* At this stage, we are currently forecasting reserves growth reaching 2.8bn barrels (bbl) by 2018, with modest further growth through the end of our ten-year forecast period to 2023. While oil discoveries are made on a regular basis in Colombia, they have tended to be of modest size. The country's crude reserves represent about seven years' worth of current supply, but...

The Colombia Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Colombia including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Colombia Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Colombian oil and gas industry.

Key Benefits

* Benchmark BMI's independent oil and gas industry forecasts for Colombia to test consensus views - a key input for successful budgeting and strategic business planning in the Colombian oil and gas market.

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