Operations

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Interactive Analyst Centre

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Explore

Investor Presentation

View or print our latest presentation.

Download

Interactive Analyst Centre

View financial and operational information.

Explore

Investor Presentation

View or print our latest presentation.

Download

Interactive Analyst Centre

View financial and operational information.

Explore

Operations

Parex holds interests in approximately 2.6 million gross acres over 23 onshore blocks in Colombia’s Llanos and Magdalena Basins.

Explore our projects in Colombia!

Operations Highlights

Land Position
2.6 Million Gross Acres Over 23 Blocks

Properties

#
Property By Basin
Operated/Non Operated
Working Interest
Gross Acres(1)
  Llanos Basin
1 Cabrestero Operated 100% 7,605
2 Capachos(2) Operated 50% 64,073
3 CPO-11(2) operated 50 570,276
4 LLA-10 Operated 50% 189,544
5 LLA-16 Operated 100% 10,057
6 LLA-26 Operated 100% 93,376
7 LLA-30 Operated 100% 117,322
8 LLA-32 Operated 87.5% 50,211
9 LLA-34 Non-operated 55% 63,530
10 LLA-40 Operated 100% 4,072
11 LLA-94(2) Operated 100% 89,175
12 LLA-122 Operated 50% 188,298
13 Los Ocarros Operated 100% 30,562
14 Merecure(2) Operated 35% 141,527
  Lower Magdalena Basin
15 VIM-1 Operated 50% 223,651
  Middle Magdalena Basin
16 Aguas Blancas(2) Operated 50% 13,386
17 De Mares(2) Operated 50% 174,387
18 Fortuna(2) Operated 100% 26,205
19 Boranda(2) Operated 50% 43,200
20 VMM-9 Operated 100% 152,412
21 VMM-46 Operated 100% 110,029
  Upper Magdalena Basin
22 VSM-25(2) Operated 100% 68,221
23 VSM-36 Operated 100% 148,263

(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
54,221 Boe/d (Q4 2019)

Annual average daily production

2P Reserves
198 Mmboe (2019YE)

Year End Reserves

December 31
2015
2016
2017
2018
2019
Proved +Probable (“2P”) Reserves (Mmboe)(1) 82 112 162 185 198
2P Reserve Life Index (years)(2) 8 10 11 10 10
After Tax PV10 (USD MM) 928 1,571 2,501 3,429 3,583

For additional reserves information, read our February 6, 2020 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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