CGN Panel- Challenges and Opportunities for Exploration and Development in the Colombian Offshore

CGN invites you to discussion panel and networking event to learn more about challenges and opportunities of the developing and exciting hydrocarbon province of the Colombian offshore.

Wednesday, April 5th, 5:30 pm – 9:00 pm
Location: Royal Sonesta Houston Galleria Hotel,
2222 West Loop South, Houston TX 77027
Speakers: Max Torres, VP of Exploration, Ecopetrol , Andrew Mehlhop, VP of International Exploration, Anadarko and Tomas Zapata, Director of Exploration Assets Americas, Repsol

Panel Moderator: Victor Vega, New Business Development Manager, Shell

Challenges and Opportunities for Exploration and Development
in the Colombian, Offshore

Colombia is currently Latin America’s fourth oil producer, behind Mexico, Venezuela and Brazil. In recent years, the Caribbean Sea offshore area has become of particular interest for international oil and gas exploration companies. In 2014, Petrobras (the operator) holding 40% interest, in partnership with Ecopetrol (30%) and Repsol (30%) announced the discovery of natural gas at Orca-1 well located in the deep water Tayrona Block, 24.9 miles (40 kilometers) off the coast of La Guajira.

Just months later, Anadarko Petroleum Corp. started to perform a 3D seismic survey of 6,300 square miles off the Colombian coast. 2016, Anadarko and Ecopetrol announced a gas discovery in the ultra-deep waters of the south Caribbean Sea area of Colombia. The Kronos-1 discovery lies in 1,584m of water. According to operator's quarterly operation report, the well reached a total depth of 3,720 m and encountered a net pay thickness between 40 m and 70 m of gas bearing sandstones. In the next five years, a minimum of ten new wells will be drilled in the Offshore Colombia, where at least five of them, will be drilled in 2017. Petrobras will start Orca– 2 well in the Tayrona Block, and Ecopetrol will initiate drilling operations in Molusco Block in September this year with 100% ownership. Molusco’s operation would have an estimated inversion close to US$ 75 MM.
 

The Caribbean region holds an estimated 126 Bbl and 679 Tcf of undiscovered natural gas in 31 geologic provinces, according to the 2012 report by the US Geological Survey. Colombia’s government continues to implement new oil and gas regulations that are more attractive to investors and demonstrating that Colombia is in the right direction regarding its offshore sector development.

Event registration is $50.00, including admission to the discussion panel and following cocktail reception. Seating space is limited.

Please register and secure your ticket at your earliest convenience no later than Tuesday April 4th, 2017 by clicking the following link:

https://www.eventbrite.com/e/panel-challenges-and-opportunities-for-exploration-and-development-in-the-colombian-offshore-tickets-32595639435

For general information regarding the CGN please contact us at: cgnhouston@gmail.com. 
For specific questions regarding the event please contact Camilo Perez: 713-249-4366.