Delivering Industry Leading Profitability
Parex is focused on delivering safe, reliable production and exploration in Colombia. Learn more about our operations in the Llanos and Magdalena basins, and how we are progressing our strategy to grow production and become a multi-field operator.
VIM-1 (50% WI)
Magdalena
Growing long-term liquids recovery through reinjecting gas
Arauca & LLA-38 (50% WI)
Northern Llanos
Delivered exploration success
at Arauca-8Â
Onstream: 2024
Future Outlook: Assessing initial
performance results to determine future
exploration and development plans
Capachos (50% WI)
Northern Llanos
Leveraging multi-zone potential in an area that has superior reservoir quality and attractive royalty structure; building block for Arauca and LLA-38 development
Onstream: 2018
Future Outlook: Capture incremental growth for optimization and recomplete opportunities, as well as execute near-field exploration
Llanos Foothills
Partnered with Ecopetrol S.A. to explore for new sources of domestic gas and liquids in world-class trend
LLA-34 (55% WI)
Focused on pressure management and minimizing decline; replicating Cabrestero success
Cabrestero (100% WI)
Southern Llanos
Focused on pressure management, minimizing decline and near-field exploration
LLA-122 (50% WI)
Arantes Well
LLA-122 (50% WI)
Berillo Oeste Well
Onstream: 2021
Future Outlook: Gas cycling expected to be used as a template for future expansions in the VIM basin, Northern Llanos and Llanos Foothills
Delivered exploration success at Arauca-8 with further growth planned
Onstream: First production in 2024
Future Outlook: Continued growth
from delineation, near-field exploration
and infrastructure expansion
Leveraging multi-zone potential in an area that has superior reservoir quality and attractive royalty structure; building block for Arauca and LLA-38 development
Onstream: 2018
Future Outlook: Capture incremental growth for optimization and recomplete opportunities, as well as execute near-field exploration
Partnered with Ecopetrol S.A. to explore and exploit the highpotential Foothills trend
Onstream: Initial drilling commenced in 2024
Future Outlook: With the high-potential part of the trend captured, vision is to be continuously drilling in the region
Focused on pressure management and minimizing decline; replicating our Cabrestero success
Onstream: 2012
Future Outlook: Applying waterflood injection and horizontal wells for increased EUR and reduced decline rate
Focused on pressure management, minimizing decline and near-field exploration
Onstream: 2012
Future Outlook: Applying waterflood injection and horizontal wells for increased EUR and reduced decline rate
+5% absolute growth year-over-year
*Based on most recent guidance (see January 15, 2024 news release)
