Latin America has massive hydrocarbon resources potential with big, rich, proven underexplored and underdeveloped basins. 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 20 years in Colombia, having grown from 0 to 75,000 bopd gross production in less than a decade. In total, 13 oil fields have been discovered in Llanos 34, including the Tigana and Jacana fields that are among the top 10 producing fields in Colombia.

Following the acquisition 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 blocks in the exploratory phase that are adjacent to and on trend with Llanos 34 and other nearby producing oil fields with multiple oil prospects and leads.

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 will help boost the Company’s output.