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.
SierraCol Energy has presence in the main basins in Colombia
With assets located close to strategic infrastructure
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
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
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
Our assets are located in three prolific basins:
Middle Magdalena, Llanos and Putumayo
Middle
Magdalena,
Llanos and
Putumayo
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.
Our Assets
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%
SierraCol
Llanos
Production
6
Alcaraván
100%
SierraCol
Llanos
Production
24
Los Hatos
100%
SierraCol
Llanos
Production
0.3
Llanos 23
100%
SierraCol
Llanos
Production
115
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
Cravo Norte
Chipirón
Rondón
Cosecha
La Cira Infantas
Teca
Rio Verde
Alcaraván
Los Hatos
Llanos 23
Bolívar
Mecaya
Terecay
Tacacho
Putumayo-8
Putumayo-9
Putumayo-36
Llanos 39
Llanos 52
45%
70%
50%
70%
48%
40%
100%
100%
100%
100%
100%
50%
50%
50%
50%
50%
50%
50%
48%
SierraCol
SierraCol
SierraCol
SierraCol
Ecopetrol (1)
Ecopetrol (1)
SierraCol
SierraCol
SierraCol
SierraCol
SierraCol
GeoPark
GeoPark
GeoPark
GeoPark
GeoPark
GeoPark
SierraCol
SierraCol
Llanos
Llanos
Llanos
Llanos
Middle Magdalena
Middle Magdalena
Llanos
Llanos
Llanos
Llanos
Middle Magdalena
Putumayo
Putumayo
Putumayo
Putumayo
Putumayo
Putumayo
Llanos
Llanos
Production
Production
Production
Production
Production
Production
Production
Production
Production
Production
Production
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
10
56
25
173
47
12
6
24
0.3
115
20
74
587
589
103
121
148
150
87
(1) SierraCol executes capital investments
WI : Working Interest
Panamá
Tumaco
Terminal
Coveñas
Terminal
Cartagena
Refinery
Barrancabermeja
Refinery
Venezuela
Brasil
Ecuador
Peru
Caño Limón is a world-class reservoir that regained Colombia its status as a net oil exporter.
We operate the Cravo Norte, Rondón, Chipirón and Cosecha contracts. These fields have a cumulative historical production over 1.5 billion barrels.
We are also partners with Ecopetrol in the exploration blocks Llanos 39 and Llanos 52.
La Cira Infantas is the oldest and among the best understood clusters of fields in Colombia. It has been in production since 1918, with a total historical cumulative production of approximately 900 mmboe.
It operates under an enhanced water injection oil recovery project. In the area we also operate the Bolívar licence, in which we hold 100% WI.
SBR
production history
kboed
SierraCol’s Share Before Royalties (“SBR”) production
Ample Reserves
Base
Ample
Reserves
Base
Successful track record of
reserve replacement
Successful track record of
reserve replacement
Our 2P net reserves are 116 mmboe, of which 71% are proven. Our RRR average was 142% 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 10.1 years currently, allowing for a stable, long-life production.
2P reserves and RRR evolution
2P reserves
and RRR
evolution
mmboe