Colombia’s Oil and Gas Production Hits Historic Lows

Colombia’s oil and gas production has plummeted to levels not seen since 2022, according to recent data from the Colombian Chamber of Petroleum, Gas and Energy (Campetrol).

The country’s fiscalized oil production dropped to 747,900 barrels per day in March 2025, marking a 4.1% year-over-year decrease. This decline stems largely from strikes and attacks across various regions that have disrupted operations.

The temporary suspension of the Bicentenario Pipeline since March 19 due to third-party interference has further limited production capabilities. The natural gas sector faces an even more severe situation.

Commercialized gas production averaged 821 million cubic feet per day in March 2025, representing a dramatic 17.9% annual decrease. This continues a troubling trend observed since early 2025.

Comparing the first quarters of 2024 and 2025 reveals a 2.1% decline in average oil production, which stood at 757,800 barrels daily. Gas production decreased by 17.5% during the same period. These drops have directly impacted Colombia’s economy.

The hydrocarbon sector’s GDP contracted by 5% according to the National Administrative Department of Statistics. Crude oil and natural gas extraction fell by 3.7% annually. Petroleum refining and fuel mixing operations decreased by 9.7%.

Export performance has also suffered significantly. Colombia exported $3.35 billion worth of hydrocarbons in Q1 2025, representing a $190 million decrease compared to the same period in 2024.

Security issues have intensified recently. A group broke into and set fire to the Quifa field facilities in Meta province in early May. Similar attacks have occurred in Sucre and Arauca provinces, indicating deteriorating security conditions throughout the country.

The situation has prompted industry groups to propose several measures. Campetrol suggests designating offshore projects as essential for future gas supply, modifying contracts to encourage increased production, and extending the operational life of existing projects.

Colombia has become increasingly dependent on gas imports, which surged by 166.4% in the second half of 2024. The country now imports 214.1 million cubic feet daily, primarily from Trinidad and Tobago and the United States.

Nelson Castañeda, President of Campetrol, warns that high operational costs from blockades, extortion, and restrictive labor laws threaten Colombia’s energy independence. Without intervention, the country’s hydrocarbon production is expected to continue its downward trajectory.

More: Colombia news in English, every day from The Rio Times.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error