International Congress and Exhibition Colombia Oil and Gas is an international, professional platform, bringing together flagship oil and gas companies from Latin America and world suppliers for the industry. “Colombia Oil And Gas 2022” Business Congress enables to continue networking, share ideas and experience, work out anti-crisis solutions.
DECISION-MAKERS OF FLAGSHIP OIL AND GAS PROJECTS
NEW AND EXISTING OIL AND GAS PROJECTS
Feedbacks from our clients
Roberto TamayoMinistry of Mines and Energy, Peru
I have noticed and I am sure I will always state that the efficient organization of Vostock Capital for the development of these events as well as the inclusion of some platforms that are not common, that is, we do not see them often in our webinars events. I found it quite interesting because it is the technological platforms that support these innovative events, whether it is to have meetings or to participate in networking sessions. So, I can say that your platform has been excellent and this has been a great part of the success of these workshops.
The main advantage of online events is the way people can interact without having to be in the same place. We were able to meet important people and decision makers from mining groups that are about to set up in Peru or that already have projects and want to expand. These types of events can facilitate the commercial expansion, helping you build relationships and connecting with those contacts that can sometimes be hard to reach.
I really liked the efficiency of the format, especially your support. Because one of the concerns when you go to an online event is precisely to ensure that you will be able to make it to the meetings, to talk to people, and for this I think that your support is fundamental. You also assigned a person dedicated to us, who was always on line, confirming if the meetings were held, updating the schedule. All this, I believe in an online event is very important for it to be successful.
Ecopetrol estimates Colombia's reserves potential at an equivalent of 47 billion barrels of oil, and a large part of the country remains unexplored.
Improved economic stability:
Colombia offers its investors a stable and predictable business environment, alongside a strong legal system. Colombian law guarantees equal rights to national and international investors, as well as the free flow of foreign capital.
Excellent geographic location:
With coasts on both the Pacific and Atlantic Oceans, Colombia offers easy access to the Gulf of Mexico, the east and west coasts of North America, the East Asian markets, as well as Central and South America.
Open to private investment:
Colombia encourages and facilitates private investment in the Oil and Gas sectors through direct negotiation, where priority is given to a first-come, first-served approach.
Attractive investment conditions:
Colombia's new Royalties and Tax contract model is among the most attractive in the world. It provides flexibility and profitability to foreign investors in the Oil and Gas sector.
Extensive transport infrastructure:
Colombia offers a full pipeline network for hydrocarbons and their products. A new pipeline for transporting gas to Venezuela has recently been completed and plans are currently in place to extend the gas transportation infrastructure to Panama.
Highly skilled labor
in the technical and professional fields: After more than 80 years of activity in the Oil and Gas industry, Colombia has developed a highly skilled workforce in both the technical and professional fields. You will also find that every Colombian is hardworking, loyal and will want to help you achieve your objectives.
Description: Interconnection project of the original crude unit to increase its production capacity from 150 thousand barrels per day of crude oil to an average of 200 thousand barrels per day, which will increase the production of clean fuels such as gasoline, ultra-low sulfur diesel and jet.
The start of fracking pilots in Colombia will be delayed until 2021 despite government efforts to accelerate new rules for unconventional drilling for oil and gas. This is because ratification of the regulations is not expected until at least 2021, which forces managers to put their projects on hold. The industry still awaits the final technical and environmental criteria before moving forward with the proposed pilots.
The operation of the pilots, all planned for the north of Colombia, will be in charge of ExxonMobil (Puerto Wilches, Santander department), Ecopetrol (Barrancabermeja, Santander), ConocoPhillips (San Martín, Cesar) and Drummond (Ranchería, Cesar) , and will produce up to 450,000b / d maximum.
Located in Puerto Berrío, near the Magdalena River. It will enter the system aiming to being a complement to the Cartagena Refinery, which will allow it to process from diesel to naphtha, gasoline and jet fuel. It will have five functional business units: the fuel processing complex, a 135 megawatt power plant, a river port on the Magdalena River, an industrial park to complement transportation, and a finished products transfer plant. Capacity 150,000 barrels per day.
The development of the third cycle (auction) of PPAA Areas is planned for October, with the presentation of bids. The National Hydrocarbons Agency (ANH) has received five letters of interest and / or requests for the incorporation of Areas, which confirms the interest of investors to carry out activities in Colombia despite the challenging circumstances of the pandemic and low oil prices.
2019 ended with the award of 26 new Areas, of the 70 that were offered under the PPAA. In addition, five offshore Exploration and Production (E&P) contracts were signed in waters of the Caribbean Sea. In total, 31 blocks were granted with investment commitments of more than US $ 2,776 million. Under current circumstances, most of this investment has been delayed.
The ANH is already reviewing the competitiveness of its value offer for the PPAA´s fourth cycle, scheduled for 2021, in contractual terms and in new Areas, to be first on the list when exploratory investment picks up again, once the pandemic is overcome. The hydrocarbon sector will play a fundamental role in the economic reactivation of Colombia, a destination that due to its legal stability and favorable contractual conditions generates trust and interest among the investment community.
Assembly of a gas pipeline that will connect the fields in the department of Córdoba with the city of Medellín. This line will have the capacity to transport 100 mpcd of gas. The 300-kilometer (185-mile) pipeline will be ready by the end of 2023, fully financed with the company's own cash flow. The talks are well advanced with the partners that will participate and with the banks and funds that will finance the project. The environmental license is expected to be approved in 2021. The production level in 2023 will be above 350 mpc.
In 2019, it signed two contracts for the offshore exploration and production (E&P) of blocks COL-3 and GUA OFF-3 with the National Hydrocarbons Agency (ANH) with investment commitments of more than US $ 100 million in the first phase.
Congress Highlights 2022
200+ decision making executives participate in the Colombia Oil & Gas which is an strategic platform for the leaders of the hydrocarbons industry. Bringing together delegations from national and international companies, as well as government officials, regulatory bodies, academia, project owners, technology and services providers, and international and local investors
15+ oil and gas production and exploration investment projects under planning, construction, expansion and modernization with a development term of 2022-2026 in Colombia
40+ industry leaders and experts will present and discuss the main topics impacting the industry development in Colombia and Latin America
Strategic opening session: Recovery of the Hydrocarbon Sector as an Engine of Post-Pandemic Growth - Cooperation of the government, NOC, IOC and international investors to develop Colombia's oil and gas resources
Key and Innovative Solutions for Efficiency and Cost Reduction: Get to know the main solutions to the biggest challenges that the oil and gas industry presents in terms of innovation
• Overview of Gas reserves in Colombia and the Energy transition
• Round table: Infrastructure - Pipelines, Refineries and LNG Plants
Updates and Presentation of the Most Promising Oil & Gas Projects in Colombia: Planning, modernization, and construction of projects in the portfolio of the hydrocarbon sector
Guarantees for attracting investment in the country's oil and gas industry: Strategies to attract investment for the development of exploration and production projects with legal and financial guarantees.
Decarbonization of the Oil & Gas Industry: From Theory to Practice - Applicable strategies to make petroleum and industrial processes more sustainable towards the goal of being carbon neutral
Efficient Production in the Digital Age: Optimization of costs and efficiency through artificial intelligence, data management and other resources
Dedicated exhibition of cutting-edge equipment and technologies for hydrocarbons industry delivered by local and global leaders
Ask your burning questions, ask for advice, and share your experience during and after the sessions!
Unprecedented networking opportunities! 1-2-1 online and face-to-face business meetings, networking round tables, cocktail reception, interactive discussions. Take this opportunity to exchange business cards with ALL conference participants!
Request the report Colombia Oil and Gas: Status and Projections 2022
Get the event brochure
Request Oil and Gas Projects Report: Exploration & production, Refining, Transportation