Thursday, October 8th, 2026
Colombia’s hydrocarbons agency (ANH) says it will work directly with operators to remove the obstacles that limit new gas volumes reaching the market in the short and medium term.
Joaquín Gutiérrez Caballero, who takes over as Ecopetrol president on September 28, opened with a warning that Colombia has reserves of just 7.4 years of oil and 5.9 years of gas, figures he called “paltry”.
Colombia faces a growing natural gas deficit if the projected decline in domestic output continues, and a regasification terminal in La Guajira is central to closing it.
Colombia’s government projects royalties income of CoP$27.54T for 2027-2028, 11% below the CoP$30.96T of the current biennium.
Colombia had 114 active rigs in August, up 1.8% (two rigs) and level with July.
Colombia’s hydrocarbons agency has made nearly 20 million hectares available for new oil and gas contracts across 12 basins.
Interior Minister Rodrigo Lara has presented a plan to speed up Colombia’s prior consultation process, the community consultations required before many energy, mining, and infrastructure projects can proceed.
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