Colombia is richly endowed with natural resources that offer long term development potential. This includes a wide selection of unconventional hydrocarbon systems, La Luna being but one example. Turning these potential resources into active assets with revenues and jobs will be no easy task. However, there are many similarities between the geological, geomechanical and regulatory factors present in Colombia and Canada. Thus, it may be useful to review the experience in Canada when considering development in Colombia.
Many of the shale and low permeability resources in Canada, like the Montney, have analogies in Colombia in terms of broad-scale reservoir heterogeneities, in-situ stress regime, hydrocarbon endowment and access to infrastructure. This presentation compares the history of development, pace of technical change and major milestones in Canada to the current state of development in Colombia. It also compares the downhole inputs, such as frac tonnage and water volumes, required for development in Canada’s plains and foothills to what may be required in Colombia’s cordillera and llanos.
Given the scale of hydrocarbon resources in Colombia, successful development of one concession will not automatically unlock the entire national endowment. Rather, development will be incremental with best practice from the easiest opportunities being applied to successively more and more challenging areas and resource plays. A comparison between basin analogies can help.
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