CHAPTER 1 KEYNOTE PRESENTATION: THE OIL & GAS SECTOR IN COLOMBIA: DEVELOPMENT, POTENTIAL, AND CHALLENGES

• Jurisdiction: Derecho Internacional

International Mining and Oil & Gas Law, Development, and Investment
(Apr 2013)
CHAPTER 1
KEYNOTE PRESENTATION: THE OIL & GAS SECTOR IN COLOMBIA: DEVELOPMENT, POTENTIAL, AND CHALLENGES
Orlando Cabrales Segovia
Deputy Minister for Energy, Colombian Ministry of Mines and Energy
Bogotá

ORLANDO CABRALES SEGOVIA has a law degree from the Pontificia Universidad Javeriana and MA in philosophy from Boston College. He worked for 16 years at BP, the last six years as vice president for Latin America legal. Between 2001 and 2005, he was general counsel of the company, and in prior years served as senior lawyer, executive assistant to the president, and political analyst at BP. In Ecopetrol SA, he served as assistant director between 1988 and 1990. He served on the boards of Malterías de Colombia SA, Reynolds Aluminum SA, Vikings Shipyards SA, BP Gas Colombia ESP, Central Pipeline (Ocensa). He also served on the boards of Corporation Excellence to Justice and Casa Editorial El Tiempo. In the National Hydrocarbons Agency, ANH served as President from October 2011 to March 2013. He currently serves as Vice Minister of Energy.

PROSPERIDAD PARA TODOS

The Oil & Gas sector in Colombia: development, potential and challenges

International Mining and Oil & Gas Law, Development, and Investment

Orlando Cabrales Segovia

Deputy Minister of Energy

April 2013

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Oil & Gas share in DGP

Exports continue to rise

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Investor confidence continues

...Royalty generator for regions

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Opportunities & Challenges

Continue the promotion of exploration and production

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Colombia has great potential for the development of oil reserves

Crude Reserves Incorporation Scenarios

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Investor confidence was reflected in Ronda Colombia 2012

• 50 blocks were awarded, 6 in the Caribbean and 6 with unconventional potential.

• Consolidation of the interest in the Caribbean

• The beginning of shale plays development

• We expect to an investment of USD 2.6 million in the following 4 years

Part of the great potential of Colombia is in unconventional reservoirs

Convenciones

Drilling plans 2013-2016

Prospectivity identified by the industry

Prospectivity identified by the industry & ANH

Prospectivity identified by ANH

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Transportation infraestructure

• Basins with the biggest potencial (in green) for the development of new reserves: Llanos y Caguán-Putumayo.

• Some projects:

o Oleoducto...