Company Snapshot



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

Colombia represents 100% of our production with oil reserves and production mainly located in the Middle Magdalena Valley (“MMV”) and Putumayo Basin. In MMV, our largest field is the Acordionero Field, where we produce approximately 16.6° API oil, which represented 54% of total Company production in 2021. The Putumayo production is approximately 28.2° API for Chaza Block and 18.5° API for Suroriente Block, which represented 41% of total Company production in 2021.

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.

GTE Uniquely Positioned for Value Creation

  • Sustainable business model with significant value in booked reserves base
    1P reserves underpin value; clear path to 2P and 3P exploitation; world class hydrocarbon basins
  • Robust free cash flow and attractive returns in supportive fiscal regimes 
    Continued growth in 2022, flexible, progressive fiscal regimes 
  • Disciplined financial strategy; prudent discretionary capital programs
    Focused on debt reduction, long-term value creation
  • World class development and low risk exploration in four proven onshore basins 
    Extensive seismic and well data across expansive acreage position
  • Going Beyond Compliance
    Meaningful and sustainable impact within the communities where we operate, with a continued focus on reducing emissions 

Operating Statistics
W.I. Production (Q3 2022) 30,391 BOPD1


2022 W.I Reserves Metrics2
  1P 2P 3P
MMBOE 81 125 162
RLI (years)3,4 8 12 15
NPV10 BT (US $bn) $1.6 $2.4 $3.1
NPV10 AT (US $bn) $1.3 $1.7 $2.2
NAV10 BT/Share (US$) $2.61 $4.72 $6.58
NAV10 AT/Share (US$) $1.59 $2.92 $4.09

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.5 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 W.I. Q3 2022 average production.

2 Based on shares outstanding at December 31, 2021 Reserves Report. See appendix for McDaniel Brent oil price forecast.

3 Calculated using average Q4 2021 W.I. production of 29,493 BOEPD.

4 Earnings before interest, taxes and depletion, depreciation and accretion (“DD&A”) (“EBITDA”), cash flow, free cash flow and reserve life index (“RLI”) are non-GAAP measures and do not have standardized meanings under generally accepted accounting principles in the United States of America (“GAAP”). Cash flow refers to funds flow from operations. Free cash flow is defined as “net cash provided by operating activities” less capital spending. Refer to “Non-GAAP Measures” in the November 1, 2022 press release for descriptions of these non-GAAP measures and, where applicable, reconciliations to the most directly comparable measures calculated and presented in accordance with GAAP.

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

6 Based on GTE McDaniel December 31, 2021, Reserves Report.