Colombia turns into a destination of investment for the installation of companies dedicated to the provision of Petroleum services and the supply of goods needed in the production of Hydrocarbons, in order to attend to its increasing local demand in the middle of a recognized petroleum summit and the dynamics that appears in neighboring countries as a platform Geo-region.

Colombia offers an attractive offer of value for the investment in the petroleum sector:

• Potential without exploiting with an estimation of reservations of 47 trillions of barrels of oil.
• More of 80 % of the national territory has not been explored.
• Nowadays Colombia is the third producer of oil in South America, where its production has increased 69 % between the year 2004 and July, 2011 when it reach a production of 929 thousand bpd.
• Excellent geographic location, bordering both the Pacific and the Atlantic, covering all markets worldwide.
• The Colombian Government encourages and facilitates the investment deprived in the sectors of Oil and Gas.
• The new model of contract of Royalties and Taxes of Colombia, is between the most attractive of the world.
• Qualified Workforce: technical as professional.
• Colombia possesses already the presence of the biggest players of the sector of Goods and Petroleum Services in the world.
• The local market is propitious for the entry of medium and small companies that replace specific needs that arise in the productive chain.
• For the punctual case of goods, Colombia offers a potential metalmecanic for the development of products needed by the exploratory and producing companies.
• The successful experience of the country in the development of the industry of Hydrocarbons for more than 80 years is its better letter of support to its investment.

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Investment Opportunities

Faced with high dynamics of the oil sector in the country, the sector of Goods & Services Oil is a great opportunity of strengthen and growth and international expansion.

• Projection of growth in number of wells explored (570 to 2014) and extraction near to the million daily barrels of oil.
• Ecopetrol is advancing a process of increase of the capacity of refinement of hydrocarbons in its Barrancabermeja's plants and Cartagena, with a capacity of 165 thousand BPD.
• Faced with a growing production of hydrocarbons in the country, demand for both land transport services as oil is relevant to attend this dynamic.
• Diverse opportunities of investment in the production of goods with high standard places of quality and specificity, and opportunities in the development of petroleum highly technical services during the whole chain of value.
• Platform of export of B&S regional to replace the Venezuelan, Peruvian and Ecuadoran market.

• Middle-east Zone – Meta, Casanare, Arauca, Santander
• Central-southern Zone – Putumayo
• Central Zone – Cundinamarca, Bogotá, Huila
• Caribbean Zone – Bolivar, Atlántico

Cases of Success

Colombia possesses already the presence of the biggest players of the sector of Goods and Petroleum Services in the world.

• Schlumberger Limited
• Halliburton Latin America
• Baker Hughes
• Wheatherford
• Smith International SA

These are only some of the reasons to invest in the Goods and Oil Services, we invite you to know in detail these and more reasons to do of Colombia the destination chosen for your projects.

Asesor: Juan Sebastian Bargans