May 15, 2024 12:14 GMT
Colombia's Oil Production Nears 800kbd
OIL
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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