Colombia's Oil and Gas Sector Faces Production Stability Amid Investment and Political Uncertainty
Colombia's oil and gas sector maintains strong production levels but faces challenges from declining reserves, political uncertainty, and reduced investment in exploration. Ecopetrol, the national oil company, continues to operate at around 730,000–740,000 barrels of oil equivalent per day, but new exploration activity is limited. Investors are shifting focus toward existing production and shorter-cycle projects due to increased political risk.
Topics: Colombia energy sector Ecopetrol gas supply investment risk oil production political risk