Progress in Colombia after pandemic
Colombian production rebounds post-pandemic
Undeveloped basins, minimal industry competition and gas supply imbalance are notable tailwinds even as windfall taxes loom large
Colombia-focused E&Ps are guiding healthy production growth heading into 2023, despite recurrent blockades by local and indigenous groups and an oil-price-pegged windfall tax that may discourage investment in replenishing the county’s already waning gas reserves. Colombian state oil and gas firm Ecopetrol posted 3.2pc production growth in the first three quarters of this year. National production “continues to grow, reaching 720,400bl/d oe by Q3 2022, the highest on record since Q2 2020 and places us at the high end of the target range set for 2022,” says Alberto Consuegra, COO at Ecopetrol. The firm also expects to drill a total of 24 exploratory wells by the close of 2022. In Q3, a dis
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
