INSUBCONTINENT EXCLUSIVE:
4.1% year-over-year decrease
This decline stems largely from strikes and attacks across various regions that have disrupted operations.The temporary suspension of the
Bicentenario Pipeline since March 19 due to third-party interference has further limited production capabilities
The natural gas sector faces an even more severe situation.Commercialized gas production averaged 821 million cubic feet per day in March
2025, representing a dramatic 17.9% annual decrease
This continues a troubling trend observed since early 2025.Comparing the first quarters of 2024 and 2025 reveals a 2.1% decline in average
oil production, which stood at 757,800 barrels daily
Gas production decreased by 17.5% during the same period
Crude oil and natural gas extraction fell by 3.7% annually
Petroleum refining and fuel mixing operations decreased by 9.7%.Export performance has also suffered significantly
Colombia exported $3.35 billion worth of hydrocarbons in Q1 2025, representing a $190 million decrease compared to the same period in
2024.Security issues have intensified recently
A group broke into and set fire to the Quifa field facilities in Meta province in early May
Similar attacks have occurred in Sucre and Arauca provinces, indicating deteriorating security conditions throughout the country.The
situation has prompted industry groups to propose several measures
Campetrol suggests designating offshore projects as essential for future gas supply, modifying contracts to encourage increased production,
and extending the operational life of existing projects.Colombia has become increasingly dependent on gas imports, which surged by 166.4% in
