Articles
Colombia - November 17, 2014
In order to increase its oil and gas reserves, Colombia is seeking to drill new exploration wells while improving recovery factors at existing ones. Though these goals…
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BACK TOCOMPANIES
Hocol
Hocol In Figures
Production: 53,400 boepd
Share of gas in total production: 52%
Hocol is a subsidiary of the Ecopetrol Group that engages in oil and gas exploration, production, transportation and commercialisation in Colombia. The company owns and operates conventional oil and gasfields and a portfolio of transportation infrastructure in the country.
Hocol’s exploration and production activities are centred in three main areas:
- Upper Magdalena Valley, where the company is present in four exploration blocks and 20 producing fields that contribute about 7,000 boepd to its production.
- Northern Colombia, where the company holds nine exploration blocks and seven producing fields, including interests in the Chuchupa and Ballena fields acquired from Chevron. Hocol’s production in this area stands at approximately 34,000 boepd
- The Llanos Basin, where the company holds seven exploration blocks and 10 producing fields. Hocol’s production in this area rose sharply following the Ocelote discovery in 2009 and stands at approximately 12,4000 boepd.
The company’s operating strategy is based on the rapid development of production assets and the utilisation of advanced techniques to reduce extraction costs and optimise recovery rates. Hocol is one of Colombia’s most active exploration companies, and approximately 70% of its production is derived from discoveries made by the company.
Gas has become increasingly important in Hocol’s development strategy. It currently accounts for slightly more than half of the company’s production.
Hocol has participated in the construction of numerous hydrocarbon transportation assets in Colombia and currently operates several pipelines linking production sites to distribution and export centres, including:
- Upper Magdalena
- Purificación-Saldaña
- La Hocha-Los Mangos
- Ocelote-Palmeras
In addition, the company owns unloading facilities in Lérida and Babillas.
Company website: www.hocol.com.co
Hocol News and Features
Articles
Colombia - May 15, 2025
Ecopetrol's offshore potential and midstream infrastructure are vital to the renewal of Colombia's oil and gas sector.
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Interview
Colombia - February 04, 2025
Ricardo Villarreal of Omia Colombia talks about the company’s operations in the oil and gas industry.
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Interview
Colombia - February 05, 2025
Jairo Hernández Morera of Guacamaya Energy talks about the company’s continued bet on Colombia’s oil sector.
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Articles
Colombia - February 03, 2025
As Colombia edges closer to an energy crisis, the country is turning to offshore natural gas discoveries.
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