This net asset value excludes the value associated with the following assets in our portfolio:
-- Our high-value exploration land base in Colombia with over 85 identified prospects and leads;-- Our extensive heavy oil resource base in Colombia, currently advancing towards commercialization;-- The incremental strategic value of our infrastructure assets in Colombia;-- Our Sheshea, light-oil discovery on Block 126 in Peru;-- Our extensive exploration land base in Peru of over 5 million acres with over 20 identified prospects and leads; and-- The potential of our new resource base in Brazil.
At current share prices we feel an investment in Petrominerales gives shareholders exposure to a tremendous portfolio of opportunities coupled with a compelling dividend yield ($0.50 per share annually, representing less than eight percent of 2012 funds flow from operations). We are very focused on growing shareholder value and through 2013 will work diligently to unlock the value associated with these opportunities that are currently not reflected in our share price.
Colombian Infrastructure Assets
We have a five percent ownership interest in the Oleoducto Central S.A. ("OCENSA") crude oil pipeline, the most strategic pipeline in Colombia. OCENSA currently provides us the rights to transport 18,750 bopd from the Monterrey offloading station, 70 kilometres from our Corcel Block, to Covenas for export, and the rights to transport an additional 10,000 bopd on Segment 2, from Monterrey to Vasconia. In addition, following a recent restructuring of OCENSA in January 2013, the pipeline converted into a profit model from a cost recovery model and now provides shippers full flexibility to market third party barrels through owned capacity. To reflect the profit element, tariffs increased by approximately $4 per barrel, resulting in approximately $30 million annually for our interest. In addition to this profit element our OCENSA investment offers significant savings when compared with other alternatives for monetizing Llanos Basin production. When compared to trucking these savings can be as high as $12 per barrel, over $80 million per year.
Petrominerales also has a 9.65 percent interest in the Oleducto Bicentenario de Colombia ("OBC") pipeline representing 11,580 bopd of capacity. The construction of this pipeline is expected to be completed in the third quarter of 2013. Similar to OCENSA, OBC offers both an equity return and synergy value. Pipeline tariffs on OBC are expected to offer savings when compared with trucking alternatives for monetizing Llanos Basin production of up to $5 per barrel. In addition, OBC is targeting to provide a 10.5 percent return on our $50 million investment.
Petrominerales has secured complementary offloading capacity to provide full access to this pipeline capacity. This helps us realize the full potential associated with these strategic investments.
In 2013, we will be executing a capital program that is balanced between development drilling opportunities and high-impact exploration in Colombia, Peru and Brazil. Our 2013 plan includes:
-- Continuing development drilling programs at our Orito and Neiva blocks, drilling up to nine wells at Orito and up to six wells at Neiva;-- Drilling up to five appraisal and development wells at our Yenac and Mantis oil fields in the Central Llanos;-- Drilling up to 10 exploration wells in the Llanos Basin of Colombia targeting light oil resources of up to 61 million barrels of undiscovered petroleum initially-in-place;-- Positioning ourselves to quickly develop a commercial production platform on our heavy oil acreage based on the outcome of our Tatama test results;-- Drilling our first two wells in Brazil targeting a large, light-oil resource on our newly acquired lands; and-- Exposure to the first of two high-impact exploration prospects to be drilled by our joint venture partner in Peru.