SierraCol Energy operates a large portfolio – comprised of nineteen onshore blocks: eleven producing and eight exploration – that is well diversified in terms of basins, distinct geological plays and development schemes from primary recovery to improved recovery.
Our key assets are Caño Limón and La Cira Infantas, two of Colombia’s most prolific and long-lived fields with further upside potential from ongoing development and exploration opportunities.
We have a long track record of stable production, consistent reserves replacement and strong cash flow generation with significant potential for further value creation.
Our assets are onshore and close to processing, storage and transportation infrastructure, reducing the need for costly further development capital to commercialise new projects.
In addition, we have low maintenance capital requirements and the ability to allocate capital efficiently into opportunities to sustain a long-term production profile.
Producing assets are highly cash generative, characterised by an attractive cost structure with low operating costs and F&D costs per barrel, and stable production levels with the highest netbacks in Colombia.
Pipelines Network
| Licence | WI (%) | Operator | Basin | Stage | Acres ('000) |
|---|---|---|---|---|---|
| Cravo Norte | 45% | SierraCol | Llanos | Production | 10 |
| Chipirón | 70% | SierraCol | Llanos | Production | 56 |
| Rondón | 50% | SierraCol | Llanos | Production | 25 |
| Cosecha | 70% | SierraCol | Llanos | Production | 173 |
| La Cira Infantas | 48% | Ecopetrol (1) | Middle Magdalena | Production | 47 |
| Teca | 40% | Ecopetrol (1) | Middle Magdalena | Production | 12 |
| Rio Verde | 100% | Cedco | Llanos | Production | 6 |
| Alcaraván | 100% | Cedco | Llanos | Production | 24 |
| Los Hatos | 100% | Cedco | Llanos | Production | 0.3 |
| Llanos 23 | 100% | Cedco | Llanos | Production | 115 |
| Caracara | 70% | Cedco | Llanos | Production | 112 |
| Llanos 22 | 55% | Cedco | Llanos | Production | 29 |
| Bolívar | 100% | SierraCol | Middle Magdalena | Production | 20 |
| Mecaya | 50% | GeoPark | Putumayo | Exploration | 74 |
| Terecay | 50% | GeoPark | Putumayo | Exploration | 587 |
| Tacacho | 50% | GeoPark | Putumayo | Exploration | 589 |
| Putumayo-8 | 50% | GeoPark | Putumayo | Exploration | 103 |
| Putumayo-9 | 50% | GeoPark | Putumayo | Exploration | 121 |
| Putumayo-36 | 50% | GeoPark | Putumayo | Exploration | 148 |
| Llanos-39 | 50% | SierraCol | Llanos | Exploration | 150 |
| Llanos-52 | 48% | SierraCol | Llanos | Exploration | 87 |
(1) SierraCol executes capital investments
WI : Working Interest
SierraCol’s Share Before Royalties (“SBR”) production
Successful track record of reserve replacement
Our 2P net reserves are 118 mmboe, of which 71% are proven. Our RRR average was 143% over the 2018–2022 period. Our assets represent a material reserves base, providing the opportunity to sustain production efficiently for an extended period that combines with a systematic increase of our R/P ratio from 6.6 years in 2018 to 9.9 years currently, allowing for a stable, long-life production.
