Operations

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Operations

Parex holds a significant land base of 1.7 million gross acres over 22 blocks in Colombia's Llanos and Magdalena Basins.

Operations Highlights

Land Position
1.7 Million Gross Acres Over 22 Blocks

Properties

#
Property By Basin
Operated/Non Operated
Working Interest
Gross Acres(1)
  Llanos Basin
1 LLA-10 Operated 50% 189,544
2 LLA-16 Operated 100% 11,736
3 LLA-20 Operated 100% 2,891
4 LLA-26 Operated 100% 184,061
5 LLA-29 Operated 100% 69,915
6 LLA-30 Operated 100% 117,322
7 LLA-32 Operated 87.5% 57,040
8 LLA-34 Non-operated 55% 68,382
9 LLA-40 Operated 100% 83,465
10 Balay Non-operated 10% 4,500
11 Cabrestero Operated 100% 29,562
12 Capachos(2) Operated 50% 64,073
13 El Eden Operated 100% 6,397
14 Los Ocarros Operated 100% 31,066
  Lower Magdalena Basin
15 VIM-1 Operated 100% 223,651
  Middle Magdalena Basin
16 Aguas Blancas(2) Operated 50% 13,386
17 De Mares(2) Operated 50% 174,387
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 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.

Production
36,195 Boe/d (Q3'2017)

Annual average daily production

2P Reserves
112 Mmboe (2016YE)

Year End Reserves

December 31
2012
2013
2014
2015
2016
Proved +Probable (“2P”) Reserves (Mmboe)(1) 16 32 68 82 112
2P Reserve Life Index (years)(2) 4 5 7 8 10
After Tax PV10 (USD MM) 450 832 1,098 928 1,571

For additional reserves information, read our February 6, 2017 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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