At the 2012 Oil & Money Conference, the industry heard invaluable insight into Colombia's energy transition from Agencia Nacional de Hidrocarburos's President Orlando Cabrales. This year we are delighted to have the new President Germán Arce Zapata of Agencia Nacional de Hidrocarburos in our session on 'Exploration and Production', President Zapata joins Ayman Asfari, Group Chief Executive, Petrofac to share their expertise on this vital industry topic. Join them to discuss and debate the crucial issues facing the international energy sector at Oil & Money Conference 2013 this October at the InterContinental London Park Lane. For more information visit http://www.oilandmoney.com

1. Oil & Money 2012
Agencia Nacional de Hidrocarburos
COLOMBIA
Orlando Cabrales Segovia
President
London, November 2012

2. 2
Equivalent oil production in
Colombia
Annual average
Thousand barrels of oil equivalent per day
Oil Gas
525 529 531
588
671
785
915 938
114 119 128
153
178
191
186
203
2005 2006 2007 2008 2009 2010 2011 2012
October
kboed
639 648 659
741
849
976
1.101 1.141

3. 3
Signed contracts
Year TEA E&P Total
2005 28 31 59
2006 12 32 44
2007 10 44 54
2008 16 43 59
2009 6 58 64
2010 1 7 8
2011 9 67 76
2012 - 3 3
TEA: Technical Evaluation Agreement
E&P: Exploration and Production contract
45 45 45
0
10
20
30
40
50
60
70
80
90
100
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
ANH Goal
PND Goal
TEA
E&P
No. contractsNo. contractsNo. contractsNo. contracts
60

4. 4
Seismic acquisition
0
5,000
10,000
15,000
20,000
25,000
2005 2006 2007 2008 2009 2010 2011 2012
Oct
Onshore Offshore ANH Goal
KM of 2D Seismic Equivalent
11.896
26.491
9.970
16.286
20.117
25.965
23.963
Goal:
~18.000
15.500

5. 5
Exploratory wells drilled
35
56
70
99
75
112
126
103
150
121
173
0
20
40
60
80
100
120
140
160
180
200
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Exploratory wells drilled ANH Goal
Number of exploratory wells
drilled

6. 6
Reserves
Oil Gas
1.542
1.478
1.453
1.510
1.358
1.668
1.988
2.058
2.259
1.000
1.200
1.400
1.600
1.800
2.000
2.200
2.400
2003 2005 2007 2009 2011
Million
barrels
Proven
6.7
7.2
7.5
7.3
7.1
7.3
8.5
7.1
6.6
4.0 4.2
4.0
4.3
3.7
4.4
4.7
5.4 5.5
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
2003 2005 2007 2009 2011
Tera
cubic feet
Total Proven

7. 7
Foreign Direct Investment
2nd quarter
Source: Banco de la República
1.125
1.995
3.333 3.405
2.428
2.781
5.083
3.358
0.000
1.000
2.000
3.000
4.000
5.000
6.000
7.000
2005 2006 2007 2008 2009 2010 2011 2012
Million USD

8. 8
Colombian Round 2012
• Consolidation of the interest in the
Colombian Caribbean.
• The beginning of Unconventional
developments.
• 43% of total blocks offered were
granted.
• 2.6 billion dollars: estimated
investment for the following 4 years.
• Production percentage between 1% -
34%.

9. 9
Colombia offers good business opportunities
• A prolific geology.
• A good business environment.
• A tradition of contractual stability.
• A competitive institutional framework.
• Competitive fiscal and economic terms.
• Transparent rounds.
• Freedom for O&G marketing overseas.
• Opportunity cost will be covered to natural
gas exporters whenever there are
interruptions due to internal needs.

10. 10
Thank you !
www.anh.gov.co