Colombia Oil and Gas Sector Report 2016/2017

Colombia’s oil and gas sector was among the main drivers of domestic economy over the period 2010-2014, with its value added expanding at a CAGR of 6.8%, well above the country’s average annual GDP growth of 5% over the same period. However, in 2015, the growth rate of the sector fell to 1.3% y/y, stemming from the downward trend in international oil prices, which hampered exploration activities. During the year, exports of crude oil, the major export product, contracted by more than 50% y/y to USD 12.9bn, which narrowed the overall trade surplus of the oil and gas sector to USD 9.3bn in 2015, down from USD 21.6bn in 2014. Low oil prices were also the key factor in the contraction by about 57% y/y of the sector’s contribution to public revenues, explained by an 80% y/y decrease in the value of income taxes and a 33% drop in royalty payments.

This report provides a complete and detailed analysis of the oil and gas sector for Colombia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the oil and gas sector in Colombia
• Access production and investment forecasts
• Crystallise the forces both driving and restraining this sector in Colombia
• Gain insight into reserves, drilling activity, infrastructure and other production issues
• See oil and gas consumption within the country
• Ascertain Colombia’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Colombia
• Build a clear picture of the downstream, midstream an upstream processes.

See below for a complete table of report contents: