Petrobras and Ecopetrol announced on March 18, 2026 the confirmation of a new natural gas discovery in the deep waters of the Colombian Caribbean, with the drilling of the exploratory well Copoazú-1 in Block GUA-OFF-0. The companies stated that “the discovery consolidates the gas province and the hydrocarbon potential in this area, while adding a greater volume of gas to contribute to the country’s energy security.”
Ecopetrol maintains a sufficiently robust oil and gas exploration portfolio to sustain activity for at least ten more years, extending to 2036, according to Elsa Jaimes, general manager of offshore projects and exploration, speaking at the second Colombian Geological Association Energy Exploration Convention.
Parex Resources will invest more than US$100M in two exploratory wells in Colombia’s Piedemonte Llanero region as part of an alliance with Ecopetrol aimed at discovering oil and gas reserves to address the country’s supply challenges.
Arrow Exploration announced successful completion of the Mateguafa 8 appraisal well at the Tapir Block in Colombia’s Llanos Basin, where the company holds a 50% beneficial interest.
Colombia’s oil and gas drilling activity registered modest growth during 2025, with average drilling rigs reaching 110 units between January and December, representing a 2.8% year-over-year increase according to data from the Colombian Petroleum, Gas and Energy Chamber (Campetrol).
Ecopetrol received the “Gold Standard” recognition for the third consecutive year for its advances in methane emissions management, detailed measurement plan implementation, reporting quality and transparency, and establishment of reduction targets. The recognition is granted by the Oil and Gas Methane Partnership (OGMP 2.0), an initiative led by the United Nations Environment Programme.
The Colombian Association of Geologists and Geophysicists of Energy (ACGGP) presented a comprehensive public policy proposal aimed at strengthening the country’s energy security through scientific evidence, increased exploration, enhanced state technical capacity, and improved territorial engagement models.
Petrobras is advancing multiple natural gas exploration initiatives in Colombia’s Caribbean waters while navigating the complex approval process for its flagship Sirius project, according to Alcindo Moritz, president of Petrobras in Colombia.
Fitch Ratings issued a stark warning for Colombia’s oil and gas sector: the country’s proven reserves now have a useful life of less than seven years, a decline that has accelerated since 2021.
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