Petrotesting Colombia S.A.

completed

Petrotesting Holding Limited (or the company) is a holding company registered in the British Virgin Islands (BVI). Petrotesting Holding is comprised of five companies: - Petrotesting Colombia S.A. (oil and gas exploration and production company), - Colregistros Ltda. (oil services company), - Sumprocol Ltda. (a distribution company, predominantly lubricants), - Petrotesting Drilling S.A (oil and gas drilling services company), - Petrofood Services Ltda (food supply company for petroleum industry workers).The Petrotesting Group (“GPC”) is integrated by Petrotesting Holding and its subsidiaries and also Petrotesting Carbon (service company for the coal industry). The dominant company is Petrotesting Colombia S.A (“PTC”), founded September 2, 1985, which is where IFC resources will be focused.The project involves both the strengthening of the financial position of Petrotesting Colombia S.A. and supporting the adoption of best practice corporate systems (such as those related to governance, environmental, social, community programs and accounting) to enhance the future growth potential of the company.Currently PTC operates the following oil fields: - Valdivia-Almagro (50 km from the town of Puerto López, Meta Department); - San Luis Montañuelo (11 km from the town of San Luis, Tolima Department); - Río Saldaña and Olini (12 km from the town of Chaparral, Tolima Department); - Pauta (in the intermediate point between the Olaya Herrera locality and the center of the town of Chaparral, Tolima Department); - Suroriente (at the border with Ecuador, 35 km from the town of Puerto Asís, Putumayo Department); - Chenche (9 km from Purification, Tolima Department), - La Punta (22 km from the western part of the town of Maní, Casanare Department); - La Rompida (at the border of the Magdalena Riverland, Antioquia Department); and Río de Oro and Puerto Barco (at the Catatumbo Basin, near the border with Venezuela, 67 km and 85 km respectively from the town of Tibu, Santander Department). In addition, PTC also has exploration rights in the following blocks: Menegua (located in an area adjacent to the Valdivia-Almagro fields, Puerto López, Meta Department), Paradigma (located in the Middle Magdalena Valley Basin) and Yucao (located in the Llanos Basin).