Date

03 de May 2013

International leaders in hydrocarbons services industry learned in Houston about business opportunities in Bogota

Servicios hidrocarburos
hidrocarburos
  • OTC 2013 (Offshore Technology Conference) is a leading world-class event for the development and promotion of off-shore resources for drilling, exploration, production and environmental protection; every year it draws over 80.000 attendants to Houston from over 110 countries, and more than 2.500 showcasing companies.

  • Houston is considered to be a strategic market in attracting investments on services for the hydrocarbon industry, on account of the number of industry stakeholders it is home to. 

  • Although exploration and production operations are conducted elsewhere, Bogota is where companies base their headquarters in Colombia, do business and is the place they plan their activities from.

  • Of all national sales, 93% originate in Bogota.  There are approximately 180 oil and gas companies currently operating in Colombia. The main global companies providing services to this industry are setting up base in Bogota and Cundinamarca.

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Invest in Bogota's team for the promotion of the hydrocarbons sector attended the OTC 2013 (Offshore Technology Conference) in Houston, Texas, with partners such as the Colombia Texas Chamber and the United States Embassy. This is leading world-class event for the development of offshore resources for drilling, exploration, production and environmental protection; which draws annually over 80.000 attendants to Houston from over 110 countries, and more than 2.500 showcasing companies. For more information visit:  www.otcnet.org/2013

Invest in Bogota executives had the opportunity to network and promote the city with international and enterprise leaders in this industry.  Houston is considered to be a strategic market in attracting investments on services for the hydrocarbon industry, on account of the number of industry stakeholders it is home to. 
 
Juan Gabriel Perez, Executive Director of Invest in Bogota, stated:  "It is becoming increasingly evident why Bogota is becoming the new regional and continental value-added hub for the hydrocarbons industry.  Although exploration and production operations are conducted elsewhere, Bogota is where companies base their headquarters in Colombia, do business and is the place they plan their activities from.  The capital city concentrates the companies with greater value-added services including seismic, geophysics and geological surveys, artificial lifting, secondary recovery, directional and horizontal drilling services, research and development in chemical products for drilling fluids and new technologies for the discovery and exploitation of non-conventional hydrocarbons." 
 
"Bogota is positioned as a South American hub for services related to the oil and gas industry, on account of the dynamics of the hydrocarbon sector, as well as the encouraging business environment in the country.  Colombia’s capital region is very interesting for services operations, because:  (i) the country boasts a strong institutional support for this sector; (ii) exploration and production activities, as well as the arrival of new operators has fostered the establishment of service providers for the oil & gas industry; (iii) Bogota and Cundinamarca have a base of skilled personnel with experience in this industry; (iv) the cost-benefit ratio in terms of wages and infrastructure is one of the most competitive in the region; (v) it is close and has access to the main oil markets in the region", concludes Invest in Bogota's Executive Director.
 
The oil and gas services industry in Colombia has grown on average 31% annually in recent years, reaching revenues close to US$ 4.8 billion in 2011.  There are approximately 180 oil and gas companies in the country, and 93% of all national sales are made from Bogota.
 
The main global companies providing services to this industry are setting up base in Bogota and Cundinamarca, coming from the United States, Canada, Venezuela or Brazil, among others.  Multinationals such as Schlumberger, Wood Group, Halliburton, Baker Hughes, Weatherford and Foster Wheeler, among others, already run their operations from Colombia’s capital region.

What investors are saying?

"Setting up operations in Bogota was very much facilitated thanks to the help of Invest in Bogota. All of our requests where attended with kindness and promptness, many times beyond our expectations. In particular, their knowledge and expertise with the oil industry - our main business opportunity - has been quite useful. The agency offers an excellent service that should be used as a model for other promotion agencies in Latin America".

Alberto Silva
Gerente General, Incostas – Colombia