Our Mission and Strategy
Gran Tierra Energy was formed in 2005 to capitalize on the expertise, experience and strategic relationships of the management team to build substantial value and a record of success in South America. Our mission is to create value, sensibly and aggressively, in oil & gas exploration and development.
Gran Tierra Energy’s plan for growth is a building block approach –
- Move aggressively to establish a base of production/cashflow, development and exploration opportunities via acquisitions.
- Build and consolidate regional positions, leverage and expand strategic relationships.
- Add substantial value via drilling.
Gran Tierra Energy’s inaugural acquisition in Argentina in 2005 was followed by the acquisition of Argosy Energy International in Colombia, and a mix of assets in Argentina to consolidate its position in the country in 2006. In addition, two exploration licenses in Peru were signed.
Our 2007 drilling campaign has resulted in the discovery of two new oil fields in Colombia and one new oil pool in Argentina. As a result, we have nearly doubled the proved oil reserves and more than doubled the production that was acquired in 2005-2006.
Our business model is based on four principles – qualified and experienced people, an effective corporate and local presence, common sense and integrity. We look to apply both technical excellence and a pragmatic approach to business, that allows us to move quickly and purposefully in today’s market.