Exploration
The company's exploration activities are focused mainly in the Llanos Basin which is located in an area with topography similar to Western Canada. A mountain range, the Eastern Cordillera of the Andes, bounds the basin to the west with extensive plains to the east. The regional geology also has parallels to the Western Canadian Sedimentary Basin. While it is not possible to template exploration exactly between the two regions, a key to exploration is the ability to transfer Canadian geo-technical evaluation techniques and technology to the largely under-explored Colombian basins. We also believe that certain exploration concepts commonly understood in the Canadian industry can be applied in Colombia. In Canada, a large base of geological and geophysical data extending back over 60 years is publicly available for analytical and prospect development purposes. There is also an extensive private database of seismic. Petrominerales has been one of the first companies in Colombia to extensively employ 3-D seismic as an exploration tool, and utilize advanced reprocessing techniques on existing 2-D seismic. Our ability to incorporate advanced Canadian technology into Colombia at an earlier stage of oil development is clearly a competitive advantage for Petrominerales. The Llanos Basin is an attractive exploration focus area for Petrominerales as large land blocks can be retained with no initial land payments and with a reasonable level of work commitments, often by simply drilling one exploration well per year per block. This provides considerable flexibility in planning exploration programs and the strategic assessment of our lands based on firm drilling results. Click below for additional information on: 
|
|