Reasons

Untapped potential waiting to be discovered:

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.