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Parex Resources
  • About Parex

    About Parex

    With over 10 years of experience, Parex is now the largest independent exploration and production company in Colombia. We are focused on delivering sustainable, conventional oil and gas production and growing our business over the long term.

    • Purpose
    • Leadership
    • Directors
    • History
    • Governance
  • Operations

    Operations

    Parex is focused on delivering safe, reliable production and exploration in Colombia. Learn more about our operations in the Llanos and Magdalena basins, and how we are progressing our strategy to grow production and become a multi-field operator.

    • Overview
    • Vendors & Contractors
  • Investors

    Investors

    Parex has a proven track record of success built on delivering total shareholder returns through growth and return of capital measures.

    • Why Invest?
    • Presentations & Events
    • Reports & Filings
    • Analyst Coverage
    • Tax Information
  • Sustainability

    Sustainability

    Delivering safe, responsible operations is foundational at Parex. We are committed to continuously improving our ESG practices, which include minimizing our environmental impacts, building lasting relationships with stakeholders and contributing to local community development.

    • Approach
    • Environment
    • Social
    • Governance
    • Reporting
  • News

    News

    Learn more about our latest business results, announcements and more.

    • Press Releases
    • Photo Library
    • Video Library
  • Careers

    Careers

    At Parex, our employees are the foundation of our success. Our culture embraces inclusion, diversity and innovation. We work collaboratively as a highly engaged and motivated team to solve challenges and deliver business results. Learn why you should join now!

    • Working at Parex
    • People & Culture
    • Current Opportunities
    • Fraud Alert

Overview

Overview Vendors & Contractors
Overview
    Overview Vendors & Contractors

Overview

Delivering industry-leading profitability

Parex is the largest independent oil and gas company in Colombia with a land position of approximately 5.8 million net acres.

We are focused on development in two main basins: Llanos and Magdalena. Through development, exploitation, and exploration of these two basins, we plan to grow reserves and future production.

Core Operations

1. Llanos LLA-34 (non-operated)

  • Base production area

2. Llanos (operated)

  • Base production area
  • Development area with near field exploration

3. Magdalena (operated)

  • Exploitation area with near field development

2023 Forecast Guidance*

Production:
57,000-63,000 boe/d

  • +15% absolute growth year-over-year

Capital Investment:
US$450MM (Midpoint)

 

*Based on most recent guidance (see February 2, 2023 news release)

Learn more about Parex:

Vendors & Contractors
Learn More
Why Invest?
Learn More
  • About Parex
    • Purpose
    • Leadership
    • Directors
    • History
    • Governance
  • Operations
    • Overview
    • Vendors & Contractors
  • Investors
    • Why Invest?
    • Presentations & Events
    • Reports & Filings
    • Analyst Coverage
    • Tax Information
  • Sustainability
    • Approach
    • Environment
    • Social
    • Governance
    • Reporting
  • News
    • Press Releases
    • Photo Library
    • Video Library
  • Careers
    • Working at Parex
    • People & Culture
    • Current Opportunities
    • Fraud Alert
Parex Resources

Tel: +1 (403) 265-4800

info@parexresources.com

Parex Resources

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