Boston, MA -- (SBWIRE) -- 10/30/2014 -- Colombia's energy sector is approaching an inflection point in the next several years. While the past decade has witnessed strong production growth due to improvements in the business and security environment, we caution that the country will experience downward pressure on production over the longer term. The tendency toward smaller finds, as well as recent increases in pipeline attacks have begun to show signs of decreased investor interest in Colombia's resources, as witnessed in the recent licensing auction. Given ongoing below and above-ground challenges, we maintain a cautious stance toward the future of Colombia's hydrocarbon productivity.

The key trends and developments in the Colombian oil and gas sector are:

- Colombia's attractive fiscal regime, favourable contract terms, and amenable regulatory environment have spurred significant growth in foreign investment into its oil sector, helping to propel production growth over 70% since the mid-2000s. In 2013, production exceeded the 1mn barrels per day (b/d) threshold, and by 2018, we forecast crude, NGL and other liquids production to reach 1.1mn b/d. While we expect the upward trend to continue, we note growth will likely slow unless the country is able to adequately address...

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The Colombia Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Colombia including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Colombia Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Colombian oil and gas industry.

Key Benefits

- Benchmark BMI's independent oil and gas industry forecasts for Colombia to test consensus views - a key input for successful budgeting and strategic business planning in the Colombian oil and gas market.

- Target business opportunities and risks in the Colombian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Colombia.

- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Regional Overview

Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports of oil, gas and LNG.

Business Environment Rankings

BMI's Oil and Gas Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (independents, NOCs, IOCs and oil services companies) in the upstream and downstream markets.

The rankings methodology makes sophisticated use of more than 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.

Oil Market Outlook and Oil Products Outlook

Based on our country coverage of over 99% of global oil and gas production and consumption, BMI provides demand, supply and price forecasts to end-2018 for oil, gas and oil products

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Pricing: Oil price (US$/bbl, WTI, Brent, OPEC basket, Urals); Oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene - US$/bbl) at global hubs

Production, Consumption, Capacity and Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (`000b/d); Proven gas reserves (tcm), production and consumption (bcm)

Imports and Exports: Oil exports/imports (`000b/d), value of oil exports/imports (US$mn - BMI base case); Value of oil exports at constant US$50/bbl and constant US$100/bbl (US$mn); Gas exports/imports (bcm), Value of gas exports/imports (US$mn); Value of gas exports/imports at constant US$50/bbl and US$100/bbl (US$mn); Value of petroleum exports/imports (US$mn); Value of petroleum exports/imports at constant US$50/bbl and US$100/bbl (US$mn)

BMI Macroeconomic Forecasts

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