Operations

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Operations

Parex holds a significant land base of 1.6 million net acres over 22 blocks in Colombia's Llanos and Magdalena Basins.

Operations Highlights

Land Position
1.6 Million Net Acres Over 22 Blocks

Properties

#
Property By Basin
Operated/Non Operated
Working Interest
Gross Acres(1)
  Llanos Basin
1 Balay Non-operated 10% 4,500
2 Cabrestero Operated 100% 7,605
3 Capachos(2) Operated 50% 64,073
4 CPO-11(2) operated 50 570,276
5 LLA-10 Operated 50% 189,544
6 LLA-16 Operated 100% 10,057
7 LLA-26 Operated 100% 93,376
8 LLA-29 Operated 100% 69,915
9 LLA-30 Operated 100% 117,322
10 LLA-32 Operated 87.5% 57,040
11 LLA-34 Non-operated 55% 68,382
12 LLA-40 Operated 100% 82,422
13 Los Ocarros Operated 100% 31,066
  Lower Magdalena Basin
14 VIM-1 Operated 100% 223,651
  Middle Magdalena Basin
15 Aguas Blancas(2) Operated 50% 13,386
16 De Mares(2) Operated 50% 174,387
17 Fortuna(2) Operated 100% 26,206
18 Morpho Operated 100% 51,420
19 Playon(2) Operated 50% 43,200
20 Sogamoso Operated 100% 3,695
21 VMM-9 Operated 100% 152,412
22 VMM-11(3) Operated 100% 116,826

(1) Exploration properties deemed non-commercial will be relinquished in due course. Accordingly, the gross acres described above may decrease as non-commercial lands are relinquished.
(2) Lands are subject to farm-in agreement earning terms and/or regulatory approval.
(3) The Company plans to relinquish VMM-11 in 2018

Production
45,020 Boe/d (Q3 2018)

Annual average daily production

2P Reserves
162 Mmboe (2017YE)

Year End Reserves

December 31
2013
2014
2015
2016
2017
Proved +Probable (“2P”) Reserves (Mmboe)(1) 32 68 82 112 162
2P Reserve Life Index (years)(2) 5 7 8 10 11
After Tax PV10 (USD MM) 832 1,098 928 1,571 2,501

For additional reserves information, read our February 6, 2018 news release.

(1) Per the independent reserve reports prepared by GLJ Petroleum Consultants Ltd. effective December 31 of the reported year.
(2) Based on annualized fourth quarter production of the reported period.

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