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.
- 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
- 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
|W.I. Production (Annual 2019)||34,817 BOEPD1|
|2019 W.I Reserves Metrics2|
|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.
|GRAN TIERRA ASSETS UNDER WATERFLOOD5|
|Factors Favorable for
|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 fourth quarter 2019 WI production of 32,924 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.