Company Snapshot



Gran Tierra is a publicly listed, independent international exploration and production company with onshore oil production focused in Colombia.

The Company has also made a new-country entry into Ecuador.

Gran Tierra’s oil reserves and production in Colombia are mainly located in the Middle Magdalena Valley (“MMV”) and Putumayo Basin. In MMV, the focus is on the Acordionero Field, where production is approximately 18° API and represented 49% of our production in 2019. The Putumayo production is approximately 28° API and represented 44% of our production in 2019.

Gran Tierra believes in creating value for all of our stakeholders through oil and gas exploration and production, capitalizing on the global operating experience of our team. We are building a record of success in Colombia and Ecuador in a transparent, safe, secure and responsible way.

High-Quality Assets

  • 95% operated, 100% oil
  • Low decline rates
  • Low operating costs
  • Top quartile netbacks

Profitable Production Growth

  • Short cycle times
  • Focused on full-cycle returns
  • Large inventory of undeveloped well locations

High-Impact Exploration

  • Material, world-class prospective resource base
  • Sizable prospect inventory
  • Proved underexplored basins, with stacked horizons

Sustainable Business Model

  • Strong balance sheet
  • Exploration & development programs funded through cash flow

Operating Statistics
W.I. Production (Q3 2020) 18,944 BOEPD1


2019 W.I Reserves Metrics2
  1P 2P 3P
MMBOE 79 142 186
RLI (years)3 11 21 27
NPV10 BT (US $bn) $1.5 $2.9 $3.8
NPV10 AT (US $bn) $1.3 $2.3 $2.9

Gran Tierra Energy utilizes waterflood technology as a secondary recovery method. All of Gran Tierra’s assets currently under waterflood greatly exceed success factors as per Willhite’s waterflood screening criteria.4 Gran Tierra’s assets rank as world-class candidates for waterflooding.

Factors Favorable for
Acordionero Costayaco Moqueta Cohembi
Initial Oil Saturation > 40% 78% 86% 78% 90%
Oil-Zone Thickness > 15 ft 330 ft 114 ft 160 ft 125 ft
Permeability (Average) > 10 mD 750 mD 225 mD 275 mD 2,500 mD
Reservoir Depth > 1,000 ft 8,000 ft 8,400 ft 3,150 ft 9,100 ft
Viscosity < 15,000 cP 230 cP 1.5 cP 3.6 cP 28 cP

1 Colombia WI annual average production.

2 Based on GTE McDaniel December 31, 2019 Reserves Report. See appendix for McDaniel Brent oil price forecast.

3 Calculated using average third quarter 2020 WI production of 18,944 BOEPD.

4 Willhite. Paul G. Waterflooding. SPE Textbook Series Volume 3. Society of Petroleum Engineers. Richardson, Texas. 1986, p. 112.

5 Based on GTE McDaniel December 31, 2019 Reserves Report.