INSUBCONTINENT EXCLUSIVE:
presence in Colombia after decades of activity.Shell will continue to supply lubricants and fuels through Biomax, but its exit from
exploration and production signals a major shift
Shell and Ecopetrol jointly operated these blocks, which saw significant gas finds over the last decade.The Gorgon-2 well in the COL-5
block, drilled at a depth of 2,400 meters, confirmed the existence of a deepwater gas province in the Colombian Caribbean
Policy, and Market Shifts
energy transition strategy
and Energy Transition ChallengesColombia faces a growing gas deficit
Ecopetrol projects a shortfall of 120 billion BTU per day in 2025 and up to 300 billion BTU in 2026
may need to rely more on imports, especially from neighboring countries
ambitions and the realities of market demand, investment risk, and national energy security
The future of offshore gas development now rests with Ecopetrol and a shrinking pool of international partners.
