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
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
6 March 2026
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
