Gran Tierra Energy

Gran Tierra Energy Inc. is an independent exploration and production company focused on oil and gas assets in Colombia and Ecuador. The company produces light crude oil and natural gas, with operations concentrated in the onshore assets of Colombia’s Putumayo and Middle Magdalena Basins.

As of Q3 2023 YTD, Gran Tierra has an average working interest production of 33,719 barrels of oil equivalent per day (BOEPD). The company estimates its assets hold 1.18 billion barrels of original oil-in-place that are amendable to waterflooding for enhanced oil recovery. Gran Tierra is currently undertaking development activities including drilling, well workovers, and facilities upgrades across several fields.

Exploration efforts during 2022 resulted in three oil discoveries in Colombia and Ecuador which have further expanded Gran Tierra’s portfolio. Operations are supported by an extensive infrastructure network with access to export markets and spare transportation capacity.

Gran Tierra has a market capitalization of approximately $350 million as of December 2022. The company aims to create value through leveraging proven conventional oil reservoirs and utilizing waterflooding for reserve growth and recovery optimization.