Executive Interview – Canacol

Executive Interview – Canacol

Canacol Energy — 1 video in collection

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Canacol Energy is an E&P company with operations across 23 blocks and 2.5m net acres across Colombia and Ecuador. Management expects to increase Colombian, Caribbean Coast gas market share from 5% today to c 32% by the end of the decade. Production operations benefit from long-term gas contracts, and low operating costs at US$0.3/mcf drive peer-leading netbacks of a reported US$4.54/mcf. Management focus remains on growth and cash generation, with capital being directed towards a diverse mix of portfolio opportunities, including expanding the company’s contracted gas base, growing contingent gas inventory (organic and inorganic), monetisation of light oil reserves as oil prices rise, and early-stage exploration of prospective shale acreage.


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