Colombia s Energy and Mining Policy

Transcription

1 Colombia s Energy and Mining Policy Introduction to major investment opportunities Carlos Rodado Noriega Minister of Mines and Energy Korea, September 15th, 2011

2 Why you should invest in Colombia? 1. Mineral and Hydrocarbons Potential 2. Economic 3. Political and Legal 4. Healthy Business Environment 5. Improved Security 5. Improved Security 4. Healthy Business Environment 1. Mineral Potential 2. Economic 3. Political and Legal

3 2. Why you should invest in Colombia? 1. Mineral Potential 1. MINERAL POTENTIAL 5. Improved Security 2.Economic 4. Healthy Business Environment 3. Political We come from a mining tradition even before pre Hispanic times. However, Colombia has not fully developed its mining potential yet.

4 2. Why you should invest in Colombia? 5. Improved Security 1. Mineral Potential 2.Economic 1. MINERAL POTENTIAL 4. Healthy Business Environment 3. Political Variety of Minerals throughout an unexplored territory Key: Coal Gold Emeralds Nickel Source: Ingeominas

5 1. Mineral Potential Why you should invest in Colombia? 5. Improved Security 2.Economic 4. Healthy Business Environment 3. Political The basis of our potential RESOURCES Oil Gas Hydroelectricity Coal POTENTIAL MMB TCF 100 GW 7,063 16,992 MMT 46% of LAC reserves

6 2. Why you should invest in Colombia? 5. Improved Security 4. Healthy Business Environment 1. Mineral Potential 2.Economic 3. Political 1. MINERAL POTENTIAL Coal: Colombia is a Key player in the world and owns the biggest reserves in Latin America Cerrejon La Loma El Descanso Calenturitas Paz del Río Production 74.4 MTn (2010) Reserves proven Reserves Potential Ranking 7,062 MTn 17,800 MTn 4th exporter and 10th producer in the world Characteristics Thermal coal: 88% Metallurgic coal: 12% Heating power 10,000-12,000 BTU Source: Ingeominas

7 Why you should invest in Colombia? 5. Improved Security 1. Mineral Potential 2.Economic 1. MINERAL POTENTIAL Gold: Significant inferred potential 4. Healthy Business Environment 3. Political Production 53 Tn (2010) Gramalote Titiribí La Bodega Angostura Reserves 90 Million Oz. La Colosa Characteristics Production comes from alluvial extraction mainly. Source: Ingeominas

8 2. Why you should invest in Colombia? 5. Improved Security 1. Mineral Potential 2.Economic 1. MINERAL POTENTIAL Nickel: Significant inferred potential 4. Healthy Business Environment 3. Political Production 109 MLb (2010) Cerromatoso Reserves Ranking Characteristics 1.6 million tons 9 th producer in the world Production is concentrated in Cerromatoso, in Cordoba, managed by BHP Billiton Source: Ingeominas

9 2. Why you should invest in Colombia? 5. Improved Security 1. Mineral Potential 2.Economic 1. MINERAL POTENTIAL Emeralds : Significant inferred potential 4. Healthy Business Environment 3. Political La Pita Production 5.2 Million carats (2010) Ranking Characteristics First producer in the world, 57% of total production Best quality and appearance Source: Ingeominas

10 2. Why you should invest in Colombia? 5. Improved Security 1. Mineral Potential 2.Economic 1. HYDROCARBONS POTENTIAL Colombia, a country with hydrocarbon potential 4. Healthy Business Environment 3. Political Total 54,681 MEPB Source: ANH, Nuevos aportes a la estimación del potencial de hidrocarburos en Colombia (2009).

11 We want to sign at least 215 new E&P contracts Source: MME ANH

12 Drill at least 570 new A3 exploratory wells Source: MME ANH * Number of wells with the current contract commitments, it can vary when new contracts get signed.

13 2. Why you should invest in Colombia? Increase oil production to KBPD in 2014 Forecast of Audited Crude Production (Thousand of Barrels per Day Kbpd) Source: MME

14 Colombia - Korea INTRODUCTION TO THE MAIN PROJECTS

15 Given the above, there are opportunities for Korea Participation in Hydrocarbons E&P We would like to increase Korea presence in Colombia:

16 Exploration activity is intense Million (Ha) Technical Evaluation Agreement Exploration Production

17 Land map E&P contracts signed august 31th, 2011 CONTRATO BARBOSA CAG 5 CAG 6 CAUCA 6 CAUCA 7 COR 11 COR 15 COR 23 COR 24 COR 33 COR 39 COR 4 COR 6 CPO 16 CR 2 CR 3 CR 4 GARAGOA GUA OFF 3 LLA 05 LLA 06 LLA 07 LLA 08 LLA 11 LLA 13 LLA 15 LLA 37 LLA 38 LLA 39 LLA 40 LLA 41 LLA 42 LLA 45 LLA 47 LLA 48 LLA 52 LLA 55 OPERADORA NEXEN PETROLEUM COLOMBIA LIMITED CONSORCIO META-TCOG CAG-5 CONSORCIO META-TCOG CAG-6 GRANTIERRA ENERGY COLOMBIA LTD GRANTIERRA ENERGY COLOMBIA LTD CANACOL ENERGY COLOMBIA S.A MAUREL AND PROM COLOMBIA B.V. KINETEX SUCURSAL COLOMBIA INC CONSORCIO META-PSE-COR-24 ALANGE ENERGY CORP SUCURSAL COLOMBIA CANACOL ENERGY COLOMBIA S.A AUSTRALIAN DRILLING ASSOCIATES PTY LTD SUCURSAL COLOMBIA INTEROIL COLOMBIA EXPLORATION AND PRODUCTION HOCOL S.A. OGX PETROLEO E GAS OGX PETROLEO E GAS OGX PETROLEO E GAS NEXEN PETROLEUM COLOMBIA LIMITED SHELL EXPLORATION AND PRODUCTION COLOMBIA CAÑO SUR GMBH SUCURSAL COL VETRA EXPLORACION Y PRODUCCION COLOMBIA S.A.S ECOPETROL S.A. META PETROLEUM CORP SUCURSAL COLOMBIA ECOPETROL S.A. STETSON OIL AND GAS LTD HOCOL S.A. PETROMINERALES COLOMBIA LTD SUCURSAL COLOMBIA ECOPETROL S.A. ECOPETROL S.A. HOCOL S.A. CONSORCIO RAMSHORN-APCO ALANGE ENERGY CORP SUCURSAL COLOMBIA TELPICO LLC PERENCO COLOMBIA LTD INTEROIL COLOMBIA EXPLORATION AND PRODUCTION SERVIOJEDA COMPAÑIA ANONIMA ECOPETROL S.A. META PETROLEUM CORP SUCURSAL COLOMBIA CONTRATO OPERADORA LLA 56 TABASCO OIL COMPANY LLC LLA 57 PAREX RESOURCES INC LLA 58 HUPECOL OPERATING CO LLC PETROMINERALES COLOMBIA LTD LLA 59 SUCURSAL COLOMBIA LLA 61 SUELOPETROL CA SA CA LLA 62 HUPECOL OPERATING CO LLC LLA 71 GEO TECHNOLOGY LA CA LOS PICACHOS HUPECOL OPERATING, CO LLC MACAYA HUPECOL OPERATING CO LLC PUT 3 VAST EXPLORATION INC PUT 6 PETRO CARIBEAN RESOURCES LTD PUT 7 PETRO CARIBEAN RESOURCES LTD PUT 8 CONSORCIO VETRA-C&C PUT 9 META-TCOG PUT-9 PUT 10 GRANTIERRA ENERGY COLOMBIA LTD SAMICHAY A ECOPETROL S.A. SAMICHAY B ECOPETROL S.A. SANGRETORO CANACOL ENERGY COLOMBIA S.A. SSJS 1 CONSORCIO SK-ECOPETROL TUM OFF 3 ECOPETROL S.A. VIM 2 SK INNOVATION CO LTD VIM 5 OGX PETROLEO E GAS VIM 6 HOCOL S.A. ALANGE ENERGY CORP SUCURSAL VMM 11 COLOMBIA VMM 18 MONTAJES JM VMM 26 OGX PETROLEO E GAS SHELL EXPLORATION AND PRODUCTION COLOMBIA CAÑO SUR GMBH SUCURSAL VMM 27 COL VMM 28 PETROLEOS DEL NORTE S.A. VMM 32 CONSORCIO CPVEN-ECOPETROL ALANGE ENERGY CORP SUCURSAL VMM 35 COLOMBIA VMM 37 PATRIOT ENERGY SUCURSAL COLOMBIA ALANGE ENERGY CORP SUCURSAL VSM 12 COLOMBIA ALANGE ENERGY CORP SUCURSAL VSM 13 COLOMBIA VSM 14 TECNICA VIAL S EN CA VSM 15 FLAMINGO OIL S.A. VSM 22 TELPICO LLC VSM 3 TELPICO LLC VSM 9 HOCOL S.A. 17

18 Reserved areas / Future offerings Reserved areas Has 2012 Bidding Rounds

19 Double oil pipelines transport capacity OCENSA March 2011: Capacity from 460 to 560 Kbpd December 2013: Capacity from 560 to 660 Kbpd Total Invesments: U$ millions Oleoducto Bicentenario de Colombia - OBC (Araguaney Coveñas) December 2012: Capacity from 450 Kbpd. Invesment: U$ millions Oleoducto de Colombia ODC. December 2011: Capacity from 230 a 300 Kbpd. Invesment: U$ 350 millions Oleoducto Transandino OTA. December 2012: Capacity from 50 to 80 Kbpd. Invesment: U$ 200 millions

20 Modernize our refining capacity Cartagena Master Plan Barrancabermeja Modernization Investments: US$ million Capacity: 165 Kbd Operation starts in: June Investments: US$ million Capacity: 250 Kbd Operation starts in: August 2016

21 Hydroelectric power station Hydroelectric power station (Proyects due 2014) Gas thermal power station Coal thermal power station Fuel Oil thermal power station Increase energy supply by 38% in 2018

22 Railroads expansion Doble línea férrea La Loma Santa Marta Recuperación del sistema férreo central Tren del Carare

23 Participation of Korea companies in developing non conventional hydrocarbons Shale Oil Coal bed Methane Tight gas

24 Colombia is an excellent destination for mining investors! We invite you all not to miss this opportunity

25 Thank You! Carlos Rodado Noriega Minister of Mines and Energy COLOMBIA