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Canacol Energy

Canacol Energy charts the route to prosperity

By Philippe Le Saux
- Nov 01, 2013
Credit : GMI Post

Canacol President and CEO Charle Gamba

Operating for only five years, Canacol Energy has boosted its oil production to 9,000 barrels a day and expanded potential oil fields to 3 million acres (1.2 million hectares), making the oil company the country’s fifth-largest landowner.

Since its establishment in 2008, the oil and gas company has consistently acquired large land holdings and has discovered several oil fields with commercial-sized production.

“We have such a huge amount of acreage with such high potential that we’d like to bring in some heavy-hitting companies. We need to bring big companies. We are always looking for partners that can bring both technical expertise and financial worth to execute some of our larger projects,” said President and CEO Charle Gamba.

To date, Canacol Energy has joint ventures with ExxonMobil, ConocoPhillips, Shell, Sinochem and Pacific Rubiales for specific projects. By 2015, it is aiming to produce between 15,000 and 20,000 barrels of oil and gas a day.

With eight active fields — seven in Colombia and one in Ecuador, collectively with a book value of $720 million — Canacol continues to attract the industry’s attention and is highly optimistic of steady growth.

Aside from its active assets, Canacol Energy also has 26 exploration blocks, with 200 undrilled opportunities for oil and gas, which contain a potential output of more than 2 billion barrels a day.

“Essentially, we offer high production growth at very low risk to our investors,” Gamba said.


- Originally prepared by Global Media for The Japan Times Special Report on Colombia 2013 (Credit: Philippe Le Saux)

Juan Camilo Londoño - President Energia & Potencia S.A.

Generating another 25 years of success

Nov 01, 2013
Credit : GMI Post

Dreaming of having his own company one day, local entrepreneur Juan Camilo Londoño quit his family business in 1998 to start a new venture called Energia & Potencia S.A., and his market and technical knowledge allowed him to form a partnership with Honda Motor Co. to distribute power products in the Colombian market.

“When an energy crisis hit Colombia in 1992, it was the big opportunity to supply Honda generator sets. We also started assembling generators powered by Honda engines under our own brand Enermax, which has since become a leading supplier of power generators,” recalled Londoño.

That faith in Japanese expertise has grown into a thriving business across the country and the region.

At the start, the company had about 12 employees. Today, it employs almost 200 people at the headquarters and in eight company-owned stores in Colombia.

It also has more than 200 dealers nationwide and expanded its business to Central America and some Caribbean islands. As a distributor of Japanese diesel engine maker Yanmar for more than 17 years, E&P holds the largest share of the Colombian market for both gasoline and diesel generators.

“In addition, we assemble water pumps, power sprayers, brush cutters and light duty constructions equipment under our brand Enermax powered by Honda and Yanmar engines. Energia & Potencia is Honda’s largest OEM in Latin America,” said the E&P president, who has also recognized the emerging businessfrom alternative energy solutions.

“In July, we launched our new line of solar energy solutions at the AgroExpo fair in Bogota. Our line includes solar-powered water pumps, as well as lighting and refrigeration solutions. Colombia is a vast country and many people are still not connected to the main grid, so solar energy is a very interesting field,” he added.

“With the Japanese, when a promise is made, it is a serious and lasting commitment. I’ve been working with the Japanese for the past 40 years, and I continue to learn more as we move forward,” he said.

Satisfied with the long and fruitful relationship with its Japanese partners, E&P remains open to new alliances, specifically in alternative energy.

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Colombia 2013 was prepared for and originally printed in The Japan Times Newspaper.

PDF of the printed report

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