Latin America has massive hydrocarbon resources potential with big, rich, and proven basins that remain largely underexplored and underdeveloped. From Day One, our team mapped the most promising Latin American basins and we have patiently and consistently expanded our land position in some of the most productive and high-potential drilling regions in the continent.

Our Llanos 34 block is the largest oil discovery in over two decades, with its gross production skyrocketing from 0 to 75,000 bopd gross production in less than 10 years. Llanos 34 is home to 13 discovered oil fields, including Tigana and Jacana, which are among Colombia’s 10 largest producing fields.

With the acquisition in 2020 of a working interest in the CPO-5 block in Colombia, we secured a contiguous land position of more than one million gross acres in one of the most productive areas of the Llanos basin. Our portfolio in this basin also includes five operated exploration and production blocks adjacent to Llanos 34 where exploration successes has added production and opened new drilling opportunities.

In 2020 we entered the Putumayo basin where we acquired an extensive position of 2 million gross acres with existing production, a dedicated cost-effective transportation solution and significant exploration potential in a rich oil province. Just across the border in Ecuador, discoveries in the Perico block and drilling activity in the Espejo block are increasing our production in the Oriente basin.