The Parex Advantage
1
5
4
3
2
Running Room for Growth in Colombia
NET LAND POSTION(1)
(Million Net Acres)
6
Expanded by
~4x in 2021
0
2011 2012 2013
2014 2015 2016 2017 2018 2019 2020 2021 2022
Base Acreage
YoY Increase
(1) As at year end; accounts for relinquished land and working interest where applicable.
First-Mover Advantage
A
■ Now the largest independent acreage holder
in Colombia with 40 blocks
■ Added 18 blocks in the 2021 Colombia bid
round
■ Built on existing relationship with Ecopetrol
S.A. and executed Arauca & LLA-38 farm-in
■ Purposefully acquired long-lead items and
equipment for capital programs
■ Limits cost inflation exposure
■ Technology and people are in place to
execute strategy
■
Parex is a leader in bringing proven
technology and expertise to Colombia
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