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Colombia's Oil Production Nears 800kbd

OIL
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Colombia's average daily oil output is ~800,000 bpd at present, the president of the National Hydrocarbons Association (ANH) regulator said on Wednesday.

  • Output has grown from 777,000 bpd last year due to better management of existing assets.
  • The government of leftist President Gustavo Petro has said it wants to move away from oil & gas and towards renewables limiting investment in the sector.
  • Petro's government has not held any new oil and gas licensing rounds.
  • Official statistics for reserves as of the end of 2023 will be released this week.
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Colombia's average daily oil output is ~800,000 bpd at present, the president of the National Hydrocarbons Association (ANH) regulator said on Wednesday.

  • Output has grown from 777,000 bpd last year due to better management of existing assets.
  • The government of leftist President Gustavo Petro has said it wants to move away from oil & gas and towards renewables limiting investment in the sector.
  • Petro's government has not held any new oil and gas licensing rounds.
  • Official statistics for reserves as of the end of 2023 will be released this week.