NG Energy International Corp. (TSX: GASX) has announced successful drilling results for the Aruchara-5 development well at its María Conchita block on Colombia’s Caribbean coast, where the company holds an 80% working interest.
Colombia’s fiscal crisis has pushed hydrocarbon policy to the center of the 2026 presidential campaign, forcing every major candidate — regardless of ideology — to grapple with the same uncomfortable arithmetic: the country’s public finances depend heavily on oil revenues, even as the sector faces declining reserves and mounting pressure over energy security.
The oil and gas services industry body Campetrol delivered a bleak April snapshot that captures Colombia’s gas predicament in two simultaneous trends pulling in opposite directions: imports hit a record high while the drilling activity needed to reverse the country’s declining domestic production fell further.
Three industry voices converged in the third week of May to paint a consistent and sobering picture of Colombia’s gas supply exposure as El Niño approaches: the country is entering the dry season with falling domestic production, record import volumes, a single regasification terminal already running near capacity, and a key gas producer in insolvency proceedings.
The ANH published gas production for January and February 2026 and the story has worsened yet again.
Colombia’s national oil production averaged 734,924 bd in February 2026, coming in 2.3% above the proven reserves (1P) production scenario of 718,168 bd, the Agencia Nacional de Hidrocarburos (ANH) reported on March 30.
Ecopetrol’s Permian Basin operations in the United States contributed 13.8% of total company production in 2025, emerging as one of the best-performing assets despite the Petro administration’s continued push to divest the fracking-based asset.
Colombia produced 746,444 barrels per day of oil in January 2026, representing a 3.03% decline compared to January 2025’s 769,751 bpd.
The ANH reports that commercialized natural gas production in December 2025 stood at 692.91 million cubic feet per day (mcfd). This monthly variation does not compromise the country’s energy security nor is it due to public policy decisions by the national government.
Colombia registered its worst trade deficit in history in 2025, reaching US$16.B FOB, surpassing pandemic-era records. Meanwhile, extractive industry trade balance contributed positively, although declining as well. DANE also published GDP for 4Q25 so we look at that from a sector perspective.
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